Is a mortgage rate in the 5% range the sweet spot for your home-buying budget?
With mortgage rates remaining in the 6.5% to 7% range, most housing experts aren’t expecting rates to move much lower through the end of this year. However, a major economic setback could trigger much lower mortgage rates.
So, expect rates to be mostly unchanged. But prepare for 5% mortgage rates.
Hal Bundrick, CFP® | Yahoo Finance