According to Dallas News, the National Association of Realtors say higher mortgage rates in 2015 “won’t put the brakes on home sales.”
Current 30-year home financing costs are about 4 percent, and Chief Economist of the National Association of Realtors Lawrence Yun predicts mortgage rates will rise to 5 percent next year and to 6 percent in two years. Dallas News reports that long-term home finance rates have averaged about 6 percent over the last decade.
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