![]() With growth picking up the consensus view is interest rates will continue to head higher for the next couple years into 2020, or until a recession happens. Consumer perception of inflation and inflation expectations are set largely by the price they pay at the pump when they refill their gas. The Federal Reserve tapered their quantitative easing asset purchase program & the price of oil fell sharply. The economy contracted in the first quarter of 2014, but in the second half of 2014 economic growth picked up. However, the economy was sluggish with slow growth rates for many years beyond that. Where is the Market Headed? Consensus View from 2018Įxpert economists predicted the economy would rebound in 2010. The reason this loan is so popular is the certainty it offers coupled with the low rates. In recent years around 90% of borrowers used a 30-year FRM to purchase their home. This article discusses how the 30-year compares to other mortgage products, benefits of the 30-year, and fess to avoid when selecting a 30-year mortgage. The most popular mortgage product is the 30-year fixed rate mortgage (FRM). There are many different financial products to choose from, each of which has advantages and disadvantages. When purchasing a home, one of the most confusing aspects of the process is selecting a loan.
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