: The chief economist for the National Association of Realtors, Lawrence Yun, foresees home prices rising by 6 percent. This is about half of the increase in home values seen in 2013, indicative of 2014’s reduced pace. 2) So will mortgage rates: I’m sorry home-buyers, but the low interest rates of 2013 are not going to stick around. We go again to Lawrence Yun, who predicts that the average rate for a 30-year fixed mortgage will climb to 5.5 percent before the year is over.
Posted on: Sat, 18 Jan 2014 20:10:36 +0000