We have spent the last couple of years in a buyer paradise.  Interest rates on mortgages have been at historical lows, going as low as 3 %.  The winds are shifting and we are anticipating mortgage rates to increase to 5%-6% by this time in 2015.  Buyers should also be aware that new regulations are going into effect in 2014, and some lenders are implementing new standards for approving loan applications.

My White Plains, Coldwell Banker Office is have a meeting tomorrow January 16th 2014 just to discuss mortgages. Agents are fielding many questions about what buyers should anticipate in terms of interest rates for 2014, how the new mortgage guidelines will affect buyers, what kind of credit will be available, and how changes to interest rates and availability of loans will affect home sales.   We are having expert mortgage representatives explain what to expect in 2014.

Since there is a wide range of information we could obtain, I want to know what YOU, the consumer, are confused about when it comes to mortgages, what you would like more information about, and what mortgage interest rates mean for you.

Leave me a comment and I will be sure to find the answers for you!