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.
- 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.