Mortgage interest rates to begin trending up: MBA forecast

The MBA released its economic forecast showing it expects the days of decreasing interest rates are over.  (Kelsey Ramirez / Fox Corp.)

Mortgage rates could soon begin to increase as the economy improves, and the Mortgage Bankers Association (MBA) forecasted in its economic outlook that the downward trend for interest rates has come to an end.

“We may be at a place where they [interest rates] aren’t trending downward anymore because things have changed,” Mike Fratantoni, MBA chief economist and senior vice president, said Sunday at the MBA Annual conference in San Diego.

Mortgage rates will continue to increase, rising to 4% by the end of 2022 for a 30-year fixed-rate mortgage and above 4.5% APR in 2023, the MBA forecasted in its mortgage rate predictions. Currently, the latest data from Freddie Mac shows interest rates increased above the 3% mark to 3.05% in mid-October for 30-year mortgage

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NWI Business Ins and Outs: Furniture store, Domino’s, wellness center, mortgage lender and opioid recover center opening; Taco John’s coming? | Northwest Indiana Business Headlines

Could Taco John’s double-decker tacos be coming to Northwest Indiana, or at least Southwest Michigan?

Meritage Hospitality Group, a Grand Rapids, Michigan-based restaurant development chain that owns several Wendy’s in the Region, signed an area development agreement to build Taco John’s in the United States.

The company, which owns Wendy’s restaurants in Merrillville, Portage, Chesterton, Valparaiso and LaPorte, reached a deal to build 50 Taco John’s by 2026 with an option to develop 150 restaurants. Meritage Hospitality Group plans to invest at least $100 million in building Taco John’s now that it has exclusive development rights in several states.

“We are excited about this new partnership with Taco John’s and look forward to launching development in our home market of west Michigan with new store openings beginning in 2022. We were initially attracted to the brand by the made-to-order quality food, drive-thru service and significant new development opportunities, all of

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Dave Ramsey: What happens if you want a mortgage but have no credit card or loans?

Editor’s note: Money expert Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including “The Total Money Makeover.” His radio show “The Dave Ramsey Show” is heard by more than 16 million listeners each week on 600 radio stations and multiple digital platforms. Each week he answers a question about personal finance in his “Dave Says” column. 

Dear Dave,

I really don’t have any established credit, because I’ve never taken out a loan or had a credit card. What will happen when I’m ready to get a mortgage loan and buy a home?

Jillian

Dear Jillian,

There are basically two ways to be in a position to get a home loan. One is to have credit at lots of places and a huge FICO score. This is kind of dumb when you really

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Develop Your Small Business With A Quick And Hassle Free Mortgage

The cash administration debt discount area has lately exploded with all sorts of corporations popping up seemingly in all places. As with just about all the things, these corporations come in all sorts of styles and sizes. I write about financial planning strategies and observe administration ideas, and have created several companies to help people implement them. Current liabilities are all these monies that should be repaid inside 12 months and would typically include bank overdrafts, credit card debt and monies owed to suppliers. Maybe it could possibly be said, within the very basis of accounting it is important to understand the fundamental assumptions which can be made first, else you may misunderstand at the larger degree.

See sections 346(2) and 347(1) of the Taxes Act 1988, sections 137(4), 139(7) and one hundred ninety of the Taxation of Chargeable Features Act 1992, paragraph 75A(2) of Schedule 18 to the Finance … Read More