Just how long mortgage rates will remain at rock-bottom percentages is tough to judge, but don’t be surprised if they do what they did last week and rise again over the next few weeks.
Despite the effects of the coronavirus on already turbulent financial markets and concerns of a recession, mortgage rates will “likely stabilize but remain low for now,” predicts Joel Kan, associate vice president of economic and industry forecasting at the Mortgage Bankers Association.
Continue…https://magazine.realtor/daily-news/2020/03/18/will-mortgage-rates-remain-low