MortgageRatesFast.com, the leader in information on U.S. mortage rates, forecasts global economic volatility will force home loan rates to remain low for a number of years, according to a new report issued by real estate analysts.Las Vegas, NV, USA (October 23, 2014) — MortgageRatesFast.com, the leader in information on U.S. mortage rates, forecasts global economic volatility will force home loan rates to remain low for a number of years, according to a new report issued by real estate analysts.
Fixed rates are near record lows and are forecast to remain near those levels for at least the next 90 days. The 30-year fixed rate mortgage averages under 4.00% for the first time in more than a year. Long term rates are projected to remain low for years, according to the analysts. Residential real estate sales have been on the upswing for the majority of the last year as a result of an improving economy, lower mortgage rates and better employment levels in many areas of the country.
Increased job hiring by employers will help to boost home sales consistently in time as the economic reality of a recovering but sluggish U.S. economy is accepted by Main Street. The New York Stock Exchange has seen massive drops as a result of speculation that the Federal Reserve will take further action to raise the rates it charges banks to borrow money.
Higher rates charged by the Fed usually translates to higher mortgage rates set by banks and mortgage companies on home loans. Visit Mortgage Rates Fast for indepth analysis on the U.S. housing market and how it will be impacted by mortgage rate flucuations. The economic website forecasts mortgage rates on a regular basis to keep consumers up to date with the latest information on U.S. home loans.
Expert business journalists, including specialists in bonds, real estate and banking provide detailed reports and forecasts so consumers can better protect themselves in the world of finance, and get mortgage rates at the lowest available for consumers looking to refinance or shop for a home mortgage. The website also regularly surveys consumers on a variety of issues related to money matters.
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Company Name: MortgageRatesFast.com
Contact Person: Mike Colpitts
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Phone: 702 688-3714
City: Las Vegas
State: NV
Country: United States
Website: http://www.mortgageratesfast.com
Source: www.abnewswire.com
