## Are mortgage rates going up in 2019?

Mortgage rates will remain low

Fannie Mae, Freddie Mac and the National Association of Realtors all predicted that mortgage rates would rise through 2019.

Instead, mortgage rates have tumbled.

## Will the interest rate go down in 2019?

For short-term interest rates (Federal Funds), the Wall Street Journal’s latest survey of economists shows average expectations of just two percent throughout 2020 and 2021, down from the recent 2.41%. The 10-year Treasury bond is expected to rise just 0.4% over the next two years from the current 2.14%.

## Will interest rates continue to rise?

Many industry analysts expect the average rate for 30-year fixed mortgages to hit 5 percent in 2019. Currently, it’s around 4.7 percent. The 10-year Treasury yield — which mortgage rates tend to follow — could rise close to 3.5 percent before falling back down to 2.45 percent by the end of 2019, McBride says.

## Why are interest rates going up?

When interest rates go up, it becomes more expensive to take out a loan. By encouraging interest rates to rise and fall at certain times, the Fed is trying to stabilize prices, create jobs, and keep the economy secure. Understanding why rates might rise and fall, can help you make more informed financial decisions.