Where Will Mortgage Rates be in 12 Months

One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart).



Though we don’t like to project rates moving forward, we do want you and your family to have the information you need in order to decide whether to wait before buying your first house or moving up to your ultimate dream home.

Here are the most current mortgage rate projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors.


Projecting interest rates is not easy. So what should you do – do it now or wait? We like the advice Doug Duncan, senior vice president and chief economist at Fannie Mae, recently gave:

“The rule for when is it time to buy is always the same: given your household budget and where current interest rates are, if it makes good financial sense to take out a home loan today, then today is the day to do it.”


If you are ready, willing and able and are thinking of buying a home over the next twelve months, waiting may not make sense.

55881b22 79f8 4302 841c fb0a03bf192e 60ab0538 cd15 4daa bd4c 021e703054c5 b8674a49 2fc5 4485 a6e7 c6dd3921a6a5 2e96feaa 8840 42f3 a92c 9ad64e551aa7 5dad6ac0 7e4e 4414 99e7 fa83331bab9c e28a2dc1 acbe 432f 89f5 32ef2f744bb5 d0241b22 195c 4048 b141 44c6eaf44602 0125fd61 cc62 4e34 93e0 86313da9b99c 0b05a557 2214 4026 95e5 afe16d9920f4 7b5f5756 cdc1 4f9c a001 173007330a9c 265d65f7 afea 4668 ada9 fb4ac9da48d2 d890b75b 0709 4b97 8413 5e337d50219d 6d4108e0 983c 4704 a11c f471224737d1 9189c2be 810f 4bc9 8d9e 20878413dac6 0b6c12cb 77dd 4aa6 a85f 1c008ab0a36e 25e40ba2 4a72 4c16 8081 72ccf2207cf6 e3b3f426 7b17 4938 a36d 25c629c33c56 38954942 2c0b 4204 914b 1628e40a4cc8 8a5bf4f6 1ebf 4444 bb42 84bd4631e4f9 350e8f71 d8cd 48d6 9a77 f844a684d75a fce8e898 8871 4d87 a955 a24bcdfb9253 48b28bf3 68e6 4da2 88a5 0990dc9c9e68 302aea64 8d15 48ca 9e1a 193a5ced9791