The obvious reality for 2014 will be long term mortgage rates going up some more. I think it will be a slow steady progression upward. That will mean less refinance business, but more Purchase and New Construction business. There are now Dodd/Frank laws going into effect this year. I think that will make a few people not qualify. Sadly, I think it will effect the low end market the most.
I think we will see a slow steady growth in the Purchase and New Construction sector. So a so so year for real estate. I think prices will remain about the same. As usual, there will be certain areas of the country that will do better than other areas. New well paying jobs will be a big part of that.
So, HAPPY NEW YEAR!
Posted January 3, 2014
If any questions or comments,
I can be reached at (970) 250-8613 or (970) 257-1502
Dependable Mortgage Co.
Rhonda Sherman, Owner
License #100008357 NMLS #381084
145 Grand Avenue, Suite B
Grand Junction, CO 81501
Web site: Dependable Mortgage Co.
Regulated by the Division of Real Estate
An Equal Housing Lender