Interest Rates

Interest rates on a 30 year loan are expected to reach 5% by the end of the year, according to many experts who follow our economy.

Interest Rates

The Seahawks won, it is sunny and rates are down! Rates are down .5% from the start of 2014. This means that if a buyer was shopping for a home for $500,000 at the beginning of January, they can purchase a home today for $525,000 with the same monthly payment. This is from a loan officer at Cobalt Mortgage.

Mortgage Interest Rates

This is the last FOMC meeting under the reign of outgoing Federal Reserve Chairman Ben Bernanke. Many analysts are forecasting the Fed is likely to trim its bond purchase program even further which could drive up mortgage rates.