Windermere’s Chief Economist, Matthew Gardner has made his new mortgage interest rate prediction for 2021.
You can see his breakdown of interest rates and other economic factors by clicking on the image below and watching his newest video.
By the end of the year he predicts rates will rise to 3.63%. By the end of the 3rd quarter, he sees rates at 3.48%.
This would be a 0.5% increase by year-end compared to today.
What this would mean for home buyers is a 5% higher monthly payment compared to today.