Folks have been talking about interest rates going up for quite a few years now…but 2018 may actually be when reality sits in. The FED is predicted to raise rates 3-4 times this calendar year and if they do, my prediction is that it will certainly cause the 30-year mortgage interest rate to rise. Will it hit above 5% in 2018? Only time will tell, but I think we will hit upper 4’s this year for sure and if the stock market continues to click along at its bolstering pace, we may just see 5% after all.
Thanks for following…your McLean County Real Estate Expert and Top Seller…Mark Bowers