{"id":6936,"date":"2021-05-05T06:00:15","date_gmt":"2021-05-05T10:00:15","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6936"},"modified":"2021-05-05T06:00:15","modified_gmt":"2021-05-05T10:00:15","slug":"are-interest-rates-expected-to-rise-over-the-next-year-2","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6936","title":{"rendered":"Are Interest Rates Expected to Rise Over the Next Year?"},"content":{"rendered":"
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\"Are<\/p>\n

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there\u2019s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here\u2019s a look at what several experts have to say.<\/span><\/p>\n

Danielle Hale, Chief Economist<\/em>, realtor.com<\/em><\/a>:<\/h5>\n
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\u201cOur long-term view for mortgage rates in 2021 is higher. <\/strong>As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .\u201d<\/em><\/p>\n<\/blockquote>\n

Lawrence Yun, Chief Economist<\/em>, National Association of Realtors<\/em> (NAR)<\/a>:<\/h5>\n
\n

\u201cIn 2021, I think rates will be similar or modestly higher<\/strong> . . . mortgage rates will continue to be historically favorable.\u201d<\/em><\/p>\n<\/blockquote>\n

Freddie Mac<\/em><\/a>:<\/h5>\n
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\u201cWe forecast that mortgage rates will continue to rise through the end of next year<\/strong>. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.\u201d<\/em><\/p>\n<\/blockquote>\n

Below are the most recent mortgage rate forecasts from four top authorities \u2013 Freddie Mac<\/em><\/a>, <\/em>Fannie Mae<\/em><\/a>, the Mortgage Bankers Association<\/em> (MBA)<\/a>, and NAR<\/a>:\"Are<\/a><\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re planning to buy a home, purchasing before mortgage interest rates rise may help you save<\/a> significantly over the life of your home loan.<\/p>\n

Content previously posted on Keeping Current Matters<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there\u2019s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here\u2019s a look at what several experts have […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-6936","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6936"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6936\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}