Mortgage Rates Projected to Exceed 7%: Return to Pre-2022 Low-Interest Era Uncertain
- 1Projections suggest that mortgage rate levels exceeding 7% will persist in the new normal era.
- 2Fannie Mae predicted an average expected mortgage rate of 7.5% for 2027.
- 3The 3% or 4% mortgage rates seen by borrowers before 2022 are unlikely to return soon.
So what's the key point?
Interest rates for home loans are expected to remain high at around 7.5%. It appears difficult to return to the era of low interest rates seen in the past.
Source CNBC · View original ↗
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