$解:(1)将A(1,4)代入y_2=\frac {k_2}{x},得k_2=1×4=4,$
$∴反比例函数的表达式为y_2= \frac{4}{x}.$
$将点B的坐标代入y_2= \frac{4}{x},得3m=4,解得m= \frac{4}{3} ,∴B(3,\frac{4}{3}).$
$将点A,B的坐标代入y_1=k_1x+b,$
$得\begin{cases}{k_1+b=4,}\\{3k_1+b=\dfrac 43,}\end{cases}解得\begin{cases}{k_1=-\dfrac 43,}\\{b=\dfrac{16}{3},}\end{cases}$
$∴一次函数的表达式y=-\frac{4}{3}x+ \frac{16}{3}.$