Why 5 Mortgage Rates Are Still A Ways Off

Dated: 02/02/2015

Views: 946

Whether you like it or not, mortgage interest rates are a big driver of the housing market. We’ve been spoiled with ultra-low rates the past few years, with many experts predicting that 2014 would be the year of 5% rates. They were wrong. Furthermore, we’re not going to be seeing 5% mortgage rates anytime soon. When mortgages are easier to obtain, then you can start being concerned about the extra interest and how much more that home will cost you. Until then, mortgage rates are more likely to stay in the low-4% range throughout 2015, with perhaps a few intermittent spikes as high as 4.75%. As long the ability to obtain credit continues to be tough, the prospect of mortgage rates rising to 5% is not likely to occur.


Want to Advertise on this Site?

Latest Blog Posts

Pinnacle Lake Rentals Call To Book Your Getaway


Read More

Jul 10 2018 17189 1

Fantastic article via Lake Expo regarding proposed legislation on Camden County Land Use: Click

Read More