Expert Mortgage Rate Projections

Inflation has brought rates higher this year and everyone wants to know when they will come back down. The experts from Freddie Mac, Fannie Mae, Mortgage Bankers Association and National Association or Realtors announced their most recent mortgage rate projections. They project some nice rate drops in the coming 12 months!
Here's the average of all four projects for the next 4 quarters:
Q4 2022 - 5.4%
Q1 2023 - 5.3%
Q2 2023 - 5.2%
Q3 2023 - 4.8%

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