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Today’s 30 and 15 Year Fixed Mortgage Interest Rates Rise Says Freddie Mac; Stimulus Tapering Affects Market

learningandfinance.com | December 27, 2013

Mortgage rates and Stimulus tapering news review December 24, 2013:
Analysts contend that mortgage rates trend-lines will skew higher due, in part, to the Feds decision to taper stimulus funding. Federal Reserve Chairman, Benjamin Bernanke, reported on Wednesday last week that the Feds felt enough confidence in the U.S. economic recovery process to begin tapering stimulus measures. The tapering will reduce the monetary injections of $85 billion per month by $10 billion to $75 billion per month. The stimulus drawbacks will initiate in January of 2014.

Even though the Feds have relayed that they will still take action to keep interest rates low, most analysts believe that the tapering action will result in climbing mortgage rate trends-lines. It is expected to be a gradual rise however, void of a dramatic spike in rates.

Speculation of tapering had been happening for months and the market had already begun to gradually adjust to the potential. Mortgage rates have slowly moved higher over the last several weeks.

Freddie Mac recently reported another slight interest rate rise for the standard mortgage plans.

Freddie Mac Mortgage rate review today December 24, 2014:
According to Freddie Mac, the average interest rate for the standard 30 and 15 year fixed loan moved higher in the latest reading. The interest rate for the 30 year fixed rate mortgage moved from 4.42 percent to 4.47 percent according to Freddie Mac. The average interest rate on the standard 15 year fixed plan moved higher to 3.51 percent from 3.43 percent according to Freddie Mac.

Despite the slight rise in mortgage interest rates, rates still remain near historic lows.

 

Back to December 2013 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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