2016 mortgage rates 4.5%-4.8% predicted

Screen Shot 2016-02-06 at 11.01.37 AMBy Peter Miller | inman

Here we go again. Another year lies ahead and with it the widespread view that mortgage rates will surely climb. After all, the Federal Reserve has started to increase the rate banks pay to borrow funds overnight, and the economy appears stronger. So it seems logical that mortgage rates will follow.

But — just maybe — it’s wise to not jump on the higher-rates bandwagon. Faithful readers will remember our mortgage rate prediction at the start of 2015: while others were forecasting rates of 5 percent and more, we said, “looking at current predictions, the sense here — for what it might be worth — is that 2015 will surprise us all. It’s entirely possible that rates will largely stay where they are and perhaps even fall.”

Continued:

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