top of page

Expert Forecasts on Mortgage Rates

  • Yvonne Yang
  • Sep 7, 2022
  • 1 min read

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow?

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts.

Experts Project Mortgage Rates Will Stabilize

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead. According to the latest projections, mortgage rates are expected to hover in the low to mid 5% range initially, and then potentially dip into the high 4% range by later next year (see chart below):

That could bring you some welcome relief. So far this year, mortgage rates have climbed over two percentage points due to the Federal Reserve’s response to inflation, and that’s made it more expensive to buy a home. And wondering if the rise in rates will continue is keeping some prospective buyers on the sidelines.

But now that experts say mortgage rates should stabilize, this gives you a bit more certainty about what they think the future holds, and that may help you feel more confident about your decision to buy a home.

 
 
 

Comentarios


Stay in the Loop:
Join Our Newsletter for Exclusive Insights and Updates!

Thanks for subscribing!

WHAT'S UP?

DSC08989.jpg

Sold

161 Gladys Ave,

Mountain View, CA 94043

DSC02721 .jpg

Sold

3133 Raleigh Ct,

Fremont, CA 94555

DSC00018.jpg

Sold

1306 Thistle Pl,

Milpitas, CA 95035

YvonneYang_MonogramOnly_Black.png

270 3rd St, Los Altos, CA 94022

Calbre# 01371905

Tel: ‪(650) 530-3162‬

Email: yvonne@yvonneyanghomes.com

© Copyright 2024 Yvonne Yang, All Rights Reserved

Wall Street Journal Logo.jpg
award 1.jpg
award 2.jpg
award 5.jpg
award 4.jpg
award 3.jpg
award 6.png
bottom of page