- Freddie Mac predicts the average rate for a 30 year fixed rate mortgage to reach 5% by the completion of 2015.
- According to the Mortgage Bankers Association, the average interest rate on a mortgage will also touch 5% by the end of 2015.
- Chief economist for the National Association of Realtors, Lawrence Yun, analyzes a gradually rising trend where the 30 year fixed rate mortgage could climb at 5.5% in 2015.
- Economist Dr. Bill Conerly predicts the 30 year mortgage to climb even higher next year, perhaps it may also reach 6% by the end of 2015.
- The Home Buying Institute’s projection are on the lower side, for a change. Their views match the outlook offered by Freddie Mac and Fannie Mae as they too see that the rates will average at 5%.
Jimmy Simond is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.