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Where will Mortgage Rates be Headed in 2015?

Where will Mortgage Rates be Headed in 2015?

We finished 2014 with the 30 year fixed mortgage rate at 3.87% as per Freddie Mac. This is very close to the historic lows in the spring of 2013.

However, the Mortgage Bankers Association projects mortgage rates to be about 5% by the end of 2015. The website Investopedia agrees and gives some perspective on the 5% rate:

“Barring another financial and housing market implosion, and if the economy continues to improve, expect interest rates to rise in the latter half of 2015. If they do jump to the 5% range it will be a modest hike when compared to historical averages. Rates will still be far below the approximately 8.5% 30-year fixed-rates mortgages have averaged since 1971 when Freddie Mac started tracking them. Rates averaged 6% in the years leading up to the recession.”

Here are the latest 2015 mortgage rate projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors:

Interest Rates 2015 | Keeping Current Matters


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2 replies
  1. TampaFrank
    TampaFrank says:

    I believe that mortgage rates will actually fall more in 2015. The market predictions for 2014 were largely wrong. I believe that energy market pressure on the banks will continue and we will see some defaults. Europe will be very weak and both Japan and China will grow slower than anticipated. There is still much financial fear in the market which will continue to depress the housing market. If rates rise, the housing market will shrink and tighten again.

    Reply

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