Mortgage Interest Rate Predictions for 2018

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

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