3 things to know about interest rates for the rest of 2014 via HousingWire

At the start of 2014, most industry experts and insiders agreed that based on the metrics they had at the time, interest rates and therefore mortgage rates would be going up in 2014.

And yet now five months into the year, mortgage rates continue to defy analyst expectations.

At the start of the year, the Mortgage Bankers Association projected interest rates on the 10-year Treasury yield to go from 3% in the first quarter of 2014 to 3.3% by fourth quarter of 2014, averaging 3.2% for the year, and then creeping up to 3.5% by the last two quarters 2015, averaging 3.4% for 2015.

Read more...3 things to know about interest rates for the rest of 2014 | 2014-05-12 | HousingWire