HOUSINGNEWS REPORT
8 ECONOMISTS PREDICT 2018 HOUSING MARKET TRENDS
4. WHERE ARE MORTGAGE INTEREST RATES HEADED IN 2018?
ECONOMIST
2018 MORTGAGE RATES
VILLACORTA : There is very little doubt that the mortgage interest rates only have one way to go in 2018, and that is up. Keep in mind that we are still in historically low territory, and the Federal Reserve has beenvery clear that rate increases are continuing through 2018. As a result, it’s probable that mortgage interest rates will end the year up around 75 basis points from today’s mark. While a near-1-point jump in rates will certainly help to cool some demand, specifically in the refi segment of the market, interest rates should still be attractive to home
“While a near-1-point jump in rates will certainly help to cool some demand, specifically in the refi segment of the market, interest rates should still be attractive to home buyers who remember when rates were regularly north of 6 percent.” — VILLACORTA
buyers who remember when rates were regularly north of 6 percent.
remain favorable for potential buyers. Jerome Powell will carry the baton when Janet Yellen steps down as Chair of the Federal Reserve, and while he seems to take a laxer stance towards financial regulation, he should largely
MUOIO : Mortgage rates should rise in 2018 as the Fed continues to hike interest rates. Nevertheless, increases should be gradual and
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JANUARY 2018 | ATTOM DATA SOLUTIONS
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