For the past decade, Gavin Ekstrom has served as an area branch manager of the Denver, Colorado office of Citywide Home Loans, where he is responsible for overseeing all branch operations and training new loan officers. To provide the best service to his clients, Gavin Ekstrom stays abreast of current trends and other factors that influence the mortgage sector.
Experts are predicting that mortgage rates will continue to stay low throughout the remainder of 2017. While they estimate a slight increase, many experts predict the rate will settle out around 4.3 percent.
While this is welcome news for borrowers, most experts don’t look for rates to dip below the 4 percent barrier in the immediate future. Even so, rates are still trending below what the average has been in the past. As of April 2017, those rates have yet to break the 4 percent barrier. The 30-year fixed rate was 3.93 percent, with more than 50 percent of analysts predicting that the rate won’t change throughout the rest of the year.