Mortgage Rates 2015

After defying all forecasts in 2014, what’s ahead for mortgage rates in 2015?
http://www.latimes.com/business/la-fi-mortgage-rate-forecasts-20150102-story.html

Mortgage News

The average rate for a 30-year fixed mortgage was 4.2 percent this week, Freddie Mac said in a statement today. That’s down from 4.23 percent, the highest since early May. The average 15-year rate slipped to 3.36 percent from 3.37 percent, the McLean, Virginia-based mortgage-finance company said.

Mortgage Rates

Local mortgage rates, in contrast, are more attuned to the natural averages. Here, rates remain steady. Bankrate.com’s survey shows the 30-year fixed-rate loan averaged 4.48% over the past week, which is about where it was the week before. Freddie Mac’s survey shows a slight increase, with the rate on the 30-year loan rising to 4.37%.

From WestStar Pacific Mortgage: Mortgage rates are muted, and still very reasonable, which is something we have to continually remind people. Ten years ago, 6%-and-higher on the 30-year loan was the norm. A 4.5% rate on the same loan is a bargain in comparison.