Are Interest Rates Expected to Rise Over the Next Year?
Are Interest Rates Expected to Rise Over the Next Year?
![]() So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there's a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here's a look at what several experts have to say. Danielle Hale, Chief Economist, realtor.com:
Lawrence Yun, Chief Economist, National Association of Realtors (NAR):
Freddie Mac:
Below are the most recent mortgage rate forecasts from four top authorities – Freddie Mac, Fannie Mae, the Mortgage Bankers Association (MBA), and NAR: Bottom LineIf you're planning to buy a home, purchasing before mortgage interest rates rise may help you save significantly over the life of your home loan. |
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