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Low mortgage rates will disappear next year, said the trade group

Mortgage rates begin to rise this year Next Mortgage Bankers Association predicts.

Mortgage rates, until recently, about 4.5 percent for mortgages fixed rate for 30 years, will rise to 4.8 per cent in the second quarter of 2011, then to 5 percent in the third quarter before overcoming 5 per cent mark by the end of next year, according to mortgage finance MBA forecasts published yesterday on the annual convention of a group in Atlanta. target = "_blank" title = "Search for current mortgage rates"> Find current mortgage rates.

Mortgage Rates 30 year fixed rate mortgage products probably the most common will continue to increase throughout 2012, reaching 5.7 percent.

Reserve Federal planning another series of quantitative easing, an elegant expression to pump more money into the economy, in an attempt to reduce interest rates and stimulate the economy. The Fed should buy large quantities of Treasury bonds S. America to reduce mortgage rates and other interest rates. But the actions of the Fed already anticipated mortgage rates, has said Jay Brinkmann, MBA chief economist. The Federal Reserve, according to Brinkmann, would make an unexpected blockbuster announcement promotion of mortgage rates much lower.

If the prediction is accurate MBA this year is the best time for homeowners to refinance their mortgages at lower rates.

Sales of existing homes rose slowly until 2011, rising from 4,026 in the third quarter from 2010 to 5051 with the fourth quarter of 2011, the MBA predicts.

The national average price of a house may drop slightly this year next, but this is hampered by the housing markets in poor conditions, such as Florida and parts of California. Some areas, Brinkmann said, are signs of increased housing prices. target = "_blank" title = "More information on mortgages to buy house "> Learn about the mortgage to buy a house.

The median price of existing homes to $ 218,900 in the second quarter of this year increased by 173,500 dollars at the end of next year.

The MBA predicts that the volume of mortgage refinancing will reach 921 million this year and $ 370 million in 2011. Mortgages for house purchase will amount to 480 million this year and 626 million in 2011.

Yields on 10-year bonds, which are generally used to set mortgage rates rise by 3.3 per cent at the end of 2011.

About the Author

Michael Kling is the web editor and contributing web content writer for Total Mortgage Services, LLC, as well as all related sister sites. Total Mortgage Services, LLC is an industry leading mortgage broker and lender headquartered in Milford, Connecticut.

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