Frisco, TX -- (SBWIRE) -- 02/18/2014 -- Bloskas Realty Group is not shaken with the threats of higher home mortgages in 2014. It was reported that the home loans will most likely increase more by the end of the year.
As reported by Interest.com, the reason for the possible higher rate is due to the 30-year fixed rate mortgage which is the most popular way to gain home loans at a rate of 4.63 percent. The percentage did go down at a rate of 3.52 percent last spring of 2013.
The reason behind the probable increase rate is the rebound of the economy. With that, the Federal Reserve took an action to eradicate the promotion of the home loans that offer long-term interest rates.
A senior economist at Moody’s Analytics, Ryan Sweet, said, "We expect 2014 to end with the 30-year fixed mortgage rate at around 5.5% or just a hair below.”
National Average Mortgage Rates
Type of loan Current Average Record-low average Established
30-year fixed rate 4.64% 3.50% Dec. 5, 2012
15-year fixed rate 3.69% 2.75% May 1, 2013
30-year fixed jumbo 4.73% 3.93% May 1, 2013
5/1 ARM 3.46% 2.63% May 1, 2013
However, the Bloskas Realty Group does not see this as a threat. In fact, Lisa Bloskas reminded the public that this should not be a reason of despair. Currently, there is still no price hike. The mortgages remain to be low; hence, applying for a home loan still is affordable.
As mentioned in their official website, “With years of experience helping local buyers and sellers just like yourself, we know how to locate the finest properties and negotiate the best deals. It's our job to know about the latest market conditions, government regulations, and upcoming developments — so that you don't have to.”
“As your Buyer's Representative, we can make the process of house hunting much easier and more efficient than if you did it all yourself. We can help you get financing, guide you to local neighborhoods, help you determine your budget, and prioritize a list of essential features that you need in your next home. We'll save you valuable time by finding the properties that best suit your requirements, and will show you only the most promising ones.”
About Bloskas Realty Group
Bloskas Realty Group is headed by Lisa Broskas, one of the most respected professional in real estate allocation. She is offering her services in finding and financing real estate properties in Texas including Frisco, Plano, Allen, Prosper, and McKinney. Visit their website http://www.bloskasrealtygroup/