NAR: 2015 will bring 5% interest rate to mortgage lending
According to National Association of Realtors Chief Economist Lawrence Yun, mortgage rates will rise to 5% next year and to 6% in two years. But this does not mean that mortgage rates will put the brakes on home sales, as long as lenders loosen their standards.
Jynell Berkshire
Ms. Berkshire is the founding attorney of BERKSHIRE LAW. Ms. Berkshire is a seasoned attorney who focuses her practice on real estate and business law, government relations, and certified business enterprises services. Read More >