Not that these predictions mean anything, but if the experts are correct interest rates will slightly go up all next year to about 5.1%. Then in 2012, the market will really start improving, and so interest rates will rise to about 6%.
Mortgage rates are probably headed up, but may still be below 6 percent in two years, the forecast said. MBA economists expect fixed-rate mortgages to average about 4.4 percent in the fourth quarter of this year, increasing to 5.1 percent by the end of 2011 and reaching 5.7 percent in 2012. Although there’s been much speculation surrounding the Federal Reserve’s future monetary policies, MBA economists expect that “QE2″ — an expected second round of quantitative easing by the Fed — will involve purchases of Treasurys.
via MBA sees double-digit sales growth in 2012 | Inman News.
