What goes up will come down! As for how high up, who knows. I once had to take a loan the high teens for three points up front and a 15 year amortization. You have to do what you have to do when you have to do it. Anything in the single digits, with or without points is doable for most people,

My crystal ball stopped working a long time ago but I doubt they will ever go back down into the 2's again but then again the politicians do some unbelievable things, haha.

Regardless of how high or low the cost of money is, there is always a real estate market. People gotta sell, wanna buy and if interest rates are higher, the property prices will drop as the supply of inventory increases.

I am in today's small rural local market which is more cash than bank buyers so interest rates not such a worry. My first home loan was a 12.25% fixed one in a time of adjustable 16% and higher rates so you and I will survive anything that happens. Plan for the worse, hope for the best and just list, market, sell (repeat). Put all your effort into list, market sell (repeat) regardless of where rates are down the pike Philip A. Raices .

Recessions historically lower rates, I think (guessing) 6.25% is our ceiling and we'll see a drop eventually (see the graph Jason E. Gordon shared with me). Each grey line is a recession and see what rates are doing?!

I think they will back off some in 6 weeks.  Banks don't make money without making loans.  I see 5 ish 

Going to keep going up and up.
When the public is weary of global warming, underserved population, Covid, supply chain, Ukraine, Putin, the admin still has the Monkey Pox card to play.
The admin will avoid accountability
Fed rate 3.1 
Mortgage rate 9.25.
Yes it will go down to get out of the recession.

I am a really BAD guesser Philip A. Raices so you may want to use my advice and do the opposite. I'd say 6% and then The Donnald will get it down shortly after he takes office in 2024.

I am smart enough to know I am not smart enough to know the answer to that question... and a lot of other questions too.

Guessing 7% to 9% and yes they will come down and go up and come down and go up...lol

I have no idea where they will land.  Hopefully not where they did in the 80s

We are already in recession as of April 2022. Graph depends on the time frame. Rates the will come down in the future, but they will increase until we solve supply chain and oil prices.  I wrote a numbers post on my personal blog not here with rates since 1971 verses each of the economic recessions America experienced. Most were determined by oil. Prior to 1971 is was war. 

We aren't supposed to link to our own site I believe but give me a day and I will put it up on this site.   

Philip A. Raices   I wrote a blog post for you on my opinion/ answer despite how headachey the formatting is on AR

I'd like to see them back in the double digits.  Of course they'll come back down eventually, everything is on a cycle of ups and downs.

My crystal ball was destroyed in the October 1989 earthquake.  

It is what it is and will be what it will be. My role is to navigate, adjust, tweak, and realign as the world and real estate turn. 

6.75

Some of us were in the business when mortgage rates were in the 16% range. Our thoughts were that everything would be okay if they got back to 12%. Be thankful if rates do not go above the 6-7% range.

Who knows?    Sure hope it hovers around where we are now, versus going up anymore.

A recession appears imminent (likely by year end). As a follow-up to the image shared by Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets , here is some additional data. In short, rates will drop soon.

I think the way this Administration is doing things; the rates will increase well over 7% or higher.  Good news is maybe we'll get back the 5% earnings in our Savings Account that we lost back in the 90's - LOL

It's so hot in Phoenix my crystal ball isn't working at the moment!

I should live so long Philip. I'm guessing they'll ebb & flow for the next 15 years between 6% and 9%. We could see 4% again when all is said and done but don't hold your breath. 

A very telling point of what rising rates are intended to do is the tax rate. When this is added on to the now expensive monthly debt to purchase, it prices many people out of the purchasing market. To own or rent is becoming challenging and requires not one or two incomes but even more than that. What is of most concern is that fear is driving it all. That indicates a low confidence in USA leadership making people uneasy. How high will rates go? If they are trying to stop homeownership, lending and all the collateral related dynamics of the process, we are fast approaching that threshold. The resetting of it all will require a presidential election

That's a tough one.. we never expected rates to drop as low as they have in recent years, and yet there they were at almost "free money" rates for several years.

Back in the day, we saw double-digit interest rates, and not all that long ago.

I would think we haven't seen even close to the highest rates, yet.  And we're not going to see a return to those low 3's, for many, many years.

I predict that a top qualified buyer with 20% down on a conforming conventional loan will peak at 6.875%  Rates will go way down and back up, rinse and repeat.

With the current administration in place , the sky is the limit. However what goes up must come down. 

The last few years were an anomaly with interest rates.  A normal average over the past 50 years is over 6%.  I think we will get back to those rates. 

Guesstimate? I gotta creestol boll! 🔮 

I honestly don't think it will be long, we may not see 3% again or for a good while, but I suspect we may see a downward adjustment in basis points in the coming year.

I've heard as high as 7.75%-8% by the end of the year so we'll see. I do think they'll come down to the 5s again.

Who knows? I've seen Prime at 21%, so nothing would surprise me. Don't think rates will go that high this time. 

I wish I had not dropped my crystal ball.  It was really useful in the past. 🤣

I don't think they will go into the double digits  and yes I believe they will come back down at some point.

Anything posted here is a guess and the time in which one or another guess may be proved prescient is totally indeterminable.

Beginning of the year my crystal ball didn't account for the fact that the Fed was immensely slow to act (what we saw coming in Q3-4 of last year they didn't acknowledge til Q2 of this year), nor that China would STILL be dealing with restrictive COVID measures.

That said, my forecast is that rates will peak mid 6's this summer (we're there now, considering many products in the low 6's require points) due to inflation metrics still being high, but come fall, inflation numbers will have dipped, economic numbers should be more realistic (and worse) than what we see today, unemployment will likely spike, and the realization of a recession takes hold.

And yes, rates will come down.  The mortgages people are getting today are not the mortgages they'll have 12-24 months from now.

What Goes up must come down.  but when is the answer I do not have..  

We have seen high interest before and they will come down.  No politicians want to see higher interest rates than are needed to help curb inflation.  

I'm gonna go with the graph & past trends.