February 24, 2015

MBA Interest Rate Forecast from 2013

Almost two years ago I wrote about a MBA Forecast on Mortgage rates for 2013 & 2014

MBA = Mortgage Bankers Association in this context

They said at the time :
"according to the MBA, by the end of 2013, the interest rate on a 30-year fixed mortgage will be at 4.4 percent. And by the end of 2014, they see the rate at 4.6 percent."

Lets see how they did and compare their forecast to the actual rates in the history of rates from Freddie Mac

The end of 2013 rates were 4.46%.   But at the end of 2014 they were down to 3.86%

So the MBA was fairly close in calling the rate at the end of 2013 but off by 0.74% for the year later 2014 forecast.


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