Mortgage Rate Projection

Mortgage Rate Projection

Earlier this year, mortgage rates rose dramatically. If that delayed your plans to buy a home, look at where experts project rates will go from here. While no one knows exactly what will happen, on average, experts forecast mortgage rates should stabilize over the next year. 

We started off the year at an average of 5.4%, and it’s slowly starting to settle down at around 4.8% in the next coming year or so.

So don’t completely take purchasing or selling a home off the table just yet.

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