Home Sales–and Prices–Expected to Decline over Next 2 Years

Inman, Nov. 19, 2021–Matt Carter
If it starts to look like inflation is more than transitory, then mortgage rates could move “decidedly higher,” the Fannie Mae report said. That’s the view of economists at the Mortgage Bankers Association, who anticipate rates on 30-year mortgages will rise to 4.3 percent by the second half of 2023. Economists at Freddie Mac and the National Association of Realtors are in the middle, forecasting that mortgage rates will average 3.7 percent during the fourth quarter of 2022.