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2015 Mortgage Rate Predictions

Posted by Jeff & Joni Finer

In recent years, mortgage rates have remained relatively low, although they’ve slightly risen above the extreme lows they hit after the 2008 housing crisis. So, what will the mortgage rates in 2015 be like?


Interest rates are hard to predict, but the Mortgage Bankers Association expects the average rate on a 30-year fixed-rate mortgage to rise gradually to around 5 percent by the end of 2015 as the U.S. economy grows and the job market improves. All economies are tied together, and due to the economic and political turmoil in other parts of the world, U.S. mortgage rates will likely not rise much more than that.


Many analysts predict that lenders will likely begin to loosen credit standards that were put into place after the housing crisis. Because standards were so loose prior to the housing crisis, lenders have been much more strict on mortgage loan standards, but 2015 may see a change in that trend.



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