Experts forecast an optimistic year for the housing market. Mortgage rates are projected to remain at or near 3% in 2021, fueling stronger buyer activity.
2021 Projected Rates:
- Fannie Mae: 2.8%
- Freddie Mac: 3%
- MBA: 3-3.3%
- NAR: 2.9-3.2$
Home sales are forecasted to increase in 2021 while interest rates remain low. Home prices are also expected to continue appreciating as more people buy in the coming new year.
Highlights:
- Experts project an optimistic year for the 2021 housing market.
- With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue to increase home prices.
- Reach out to a local real estate professional today to determine how to make your best move in the new year.