I came across the below paragraph in a publication of “Live Valuation”. Talks about Freddie Mac’s outlook for the real estate market and mortgage rates.
“According to Freddie Mac, housing will see a “modest improvement” with a big risk of rising interest rates. The average mortgage rate is projected to be at 5.20%. Although quantitative easing has not kept rates from rising, it has been said that it did put a damper on the ascending rates. Mortgage refinancings will slow as a result of higher rates and the projected 5.20% mortgage rate for 30-year fixed rates in 2011 is a full percentage point above the 2010 lows. This will be the third lowest average since the annual began being recorded.”
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