5% in 2015 and 6% in 2016: Economist Predicts Rising Interest Rates
✉️ Want to forward this article? Click here.

Mortgage rates will rise notably over the next couple of years, according to Lawrence Yun, the chief economist for the National Association of Realtors.
Yun made the comments at a real estate convention covered by The Dallas Morning News on Friday.
“I anticipate that mortgage rates will rise to 5 percent next year and to 6 percent in two years,” he told the convention. Mortgage rates for well-qualified buyers are currently about 4 percent.
Looking at just the payments on principal and interest, the difference between 4 and 5 percent on a 30-year fixed-rate mortgage for a $500,000 house with a 20 percent down payment is about $237 a month. At 6 percent, the difference jumps to $488 a month.
Yun previously predicted that rates would rise to 5.4 percent by the end of 2014. But he and other economists were proven wrong thanks to a less sunny economic outlook and a supply and demand problem.
See other articles related to: lawrence yun, nar, national association of realtors
This article originally published at https://dc.urbanturf.com/articles/blog/5_in_2015_and_6_in_2016_economist_predicts_rising_interest_rates/9207.
Most Popular... This Week • Last 30 Days • Ever

The center for the Washington Capitals is listing the 16,000 square-foot home for jus... read »

Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »

Today, UrbanTurf heads down to a portion of Southwest DC to see what large residentia... read »

The third phase is a 10-story residential building with approximately 180–233 mixed... read »

The late California senator's Spring Valley home went under contract over the weekend... read »
- Washington Capital Nicklas Backstrom Puts McLean Home On The Market
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- The 6 Big Residential Projects (And Conversions) In The Works For Southwest DC
- Map Amendment Looks To Pave Way For Final Phase Of DC's Northwest One Project
- Dianne Feinstein's DC Home Finds A Buyer
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro