Higher mortgage costs in 2015 won't stop home sales, NAR says

Relaxed lending standards provide some with hope

November 11, 2014

According to Dallas News, the National Association of Realtors say higher mortgage rates in 2015 “won’t put the brakes on home sales.”

Current 30-year home financing costs are about 4 percent, and Chief Economist of the National Association of Realtors Lawrence Yun predicts mortgage rates will rise to 5 percent next year and to 6 percent in two years. Dallas News reports that long-term home finance rates have averaged about 6 percent over the last decade.

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