Freddie Mac Makes 5 Real Estate Predictions for 2015

7417287052_ca9e644931_zWhat’s in store for the real estate market in 2015? Freddie Mac is making five predictions for the upcoming year that will be good news to some and bad news for others. Among the bad news for those looking to purchase a home in 2015 is the prediction that interest rates for 30-year fixed-rate mortgages will likely increase to as high as 5 percent by the end of 2015. This year, homebuyers enjoyed rates that sank below 4 percent according to Realtor Magazine. The good news is that construction on new homes is expected to increase 20 percent next year putting total home sales on track for the best sales pace since 2007.

Read the entire article for the full list of 2015 predictions.

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