Frank Yan of Sacramento on Mortgage Rates Faces North in the New Year

Frank Yan of Sacramento posts a related article: Information Thats Hits Us Where We Live

Frank Yan of Sacramento says thate mortgage rates faces North for the begining of 2014. Freddie Mac’s 30 year fixed-rate mortgage climbing to 4.53% and the 15 year fixed-rate mortgage climbing to 3.55%. Frank Nothaft, Freddie Mac’s chief economist, stated “rising consumer confidence a strong showing for home prices in the most recent S&P/ Case-Schiller Indices, and a slight gain in pending home sales for November 2013” as reasons for the rate increase. He added that these indicators are all “signs of a stronger economic recovery”