This article will answer the question, “What are mortgage interest rates going to do?”
Here are a few key points: (click on the link for the complete article)
- Forecasted mortgage interest rates: 2018= 4.6% 2019= 5% 2020= 5.3%
- Economic growth will be modest but will be strong enough to push down the unemployment rate, which in turn will push up wages and allow more millennials and renters to buy (higher wages will help offset the higher interest rates).
- Home prices can’t continue to accelerate as they have but they won’t fall… they just won’t increase as much as quickly.
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