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Mortgage trends for 2013: changes ahead or more of the same?

Although mortgage trends are difficult to forecast, and so far, there is not a consensus regarding what 2013 has in store.

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mortgage trends

Mortgage trends in 2013

Agent Publishing (where I am the managing editor) took a look at its stories in 2012, along with the data, and reported on the five biggest real estate trends to watch for in 2013. The big ones include rising home prices, rising rents, dwindling REO and short sales, and an increase in first-time homebuyers, however, any mortgage trends were left out.

Now, it’s extremely difficult to predict where mortgage rates will go. In the 1980s, interest rates were at about 15-16 percent; pre-housing bubble they decreased to about 7 to 8 percent, and both of those were good housing markets. Also, with the latest news regarding the last-minute dodging of the fiscal cliff, the MID is safe (well, for now…). With all the data pointing upward, what loans will be the most common in 2013? What governmental changes or other factors will affect the products consumers can use?

I sent a survey to several lenders in the Chicagoland area lenders, and so far, predictions for loans that will be most common this year are split between conventional and FHA loans. I found that interesting, especially regarding FHA loans, because FHA-approved buildings seem to be shifting.

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Written By

Stephanie Sims is the managing editor of Agent Publishing, which currently has online publications in Chicago, Houston and Miami. With expertise in evaluating housing markets, website content and social media strategy, and reporting information agents want to know about, Stephanie can be found at her desk with coffee that got cold or not eating lunch because she’s busy planning editorial assignments and interviews for the Agent Publishing websites.



  1. JoeLoomer

    January 6, 2013 at 10:32 am

    Fed Chair has stated it’s critical to keep the rates down to continue the economic recovery.

    Navy Chief, Navy Pride

  2. Greg Cook

    January 6, 2013 at 11:31 am

    Hi Stephanie, if the Fed follows through on recent statements that they will stop buying mortgage backed securities by the end of 2013, we can expect interest rates to spike and qualifying to get much more stringent. The Fed is buying about $85 billion a month in Treasuries and mortgages, without them the market will change dramatically.
    Of course I could be wrong

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