Minneapolis, MN: It has come that time of year again where I make my mortgage interest rate prediction for the coming year. My long range forecast is based on multiple indexes, theories, past industry experience, and a little bit of guessing. The bulk of the weight this year goes towards the continuing reduction in the easing of the current Federal Reserve bond buying program, which started this month. If the economy falters, and the Fed delays their easing, the anticipated increase in rates could be pushed back.
Below is my prediction for the average 30-year conventional fixed rate mortgage loan:
| Month / 2014