Today’s $20,000 question is…Where are mortgage rates headed in the near future? Most believe the rapid rise in rates experienced over the last month will not be sustained and that they will level off into a range between 4% and 5%.
When recently asked, Zillow’s director of Mortgage Marketplace, Erin Lantz suggested:
"It is impossible to predict. However, we expect there to be a lot of volatility, probably between 4.5% to 5%."