What is going to happen to mortgage rates in 2017? Seven expert opinions

Posted on Dec 11, 2016 10:05 PM EST
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What is going to happen to mortgage rates in 2017 (Photo : Pixabay)

Summary

-Rates are likely to hit 4.5 percent to 5 percent next year.

-This could put pressure on buyers to act; there are usually options open to buyers for working around higher rates, but buyers in high-priced markets will have more problems.

-It could also stymie the existing-home sale market as sellers decide to stay put instead of trade up at a higher mortgage rate.

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