Predicting the future of mortgage rates is a notoriously tricky business, but the consensus seems to be that rates will rise gradually in the coming months.
The 30-year fixed-rate mortgage averaged 4.13 percent as of Dec. 8, according to Freddie Mac. What next?
Redfin, the Seattle-based brokerage, predicts rates will top out at 4.3 percent in 2017. Realtor.com Chief Economist Jonathan Smoke offers a similar forecast.
“Rates will likely stay the same until about March, so buyers considering a purchase in 2017 may want to consider getting into the market now,” Smoke says.