The Fed looks set to hike the fed funds rate in December, heralding the end of the period of ultra-low mortgage interest rates which has persisted since 2010. We expect 30-year mortgage rates to rise above 4% early next year, and hit 5% by the end of 2018. As a result, refinancing activity is set to plummet.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services