May 01, 2014

April 2014 Mortgage Interest Rates

- originally posted April 1, 2014 -

Interest Rates took a bit of a hit during the last 2-weeks of March on over-reactions by investors. This happened due to 'mixed signals' from the Fed, and because of its continuing pull-back on monthly purchases of mortgage bonds.

Fed Chair Janet Yellin announced that they might begin raising rates (next year), but she only said that to pacify investors - all they want to hear is that rates will be rising! In spite of the Fed's commentary, they still believe that interest rates should stay low, mostly because of real unemployment numbers and continuing concerns for economic expansion. Sometimes the Fed likes to beat around the bush, rather than telling it like it is.

For now, we'll continue to see a roller-coaster of ups and downs in the bond and interest rate markets. Mortgage rates will remain very erratic. Because there's more pressure on rates to rise than fall though, don't take the current mortgage interest rates for granted. Lock-in that rate and forget about it. See today's rates, below.

Stay tuned for more updates.   Till Next Month,

Long-Term Interest Rate Advice

The expectation is for interest rates to rise. Don't take these low rates for granted. If you're financing a home right now, my best advice is to "lock-in" these low rates, rather than gamble that they'll be lower as you get closer to your closing date. Better be safe, than sorry!

If you're in the market for a home this year, allow me to help you find the right lender and loan program, and help you take advantage of these great low interest rates. Today’s interest rates are still quite a bargain!

Michael Dagner

Michael Dagner is a real estate professional in Denver, Colorado.