Mortgage Rate Projections For The Next Year

People need to realize that there is a difference between cost and price of the house they are about to move to.  When talking of cost, we have to talk about interest rates and we know what has happened to them over the last several months.  They were trading between 3 1/4 and 3 3/4% for the vast majority of the year, then they jumped up pretty dramatically, now over the last two months, it looks as though they are going to be staying between 4 1/4 and 4 3/4 from some period of time into the future.  They are trading in a different band; no one is expecting them to go back down into that pink area.

So if your looking to sell your house right now-and you weren't just worried about price, you were also worried about cost of it-you would have to take a look at where interest rates are going to be if you wait.
Here is the projections a year out, the four major analysts that project interest rates going out:  Fannie Mae, the National Association of Realtors, Freddie Mac, and the Mortgage Bank Association.  If we take all of those and put them together, it is just about 5% they are all saying will be the interest rate a year from now.