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What Will Happen With Mortgage Rates And Home Sales?

  • March 27th

by UrbanTurf Staff

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Rowhomes in DC. 

A forecast out today aims to predict the direction of mortgage rates and home sales over the next 18 months.

Lawrence Yun, the chief economist for the National Association of Realtors, expects home sales to rise 6% this year, and then 11% in 2026. As for mortgage rates, he sees rates averaging 6.4% in 2025 and 6.1% in 2026.

"Considering the Federal Reserve's recent forecast for slower economic growth, we expect mortgage rates to slide moderately lower," said Yun. "But the current high national debt will prevent mortgage rates from falling drastically – and certainly not to the 4%-to-5% range seen during President Trump's first term."

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/what_will_happen_with_mortgage_rates_and_home_sales/23337.

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