Rockland County Homes and Condos

Currently, the average interest rate on a 30-year fixed-rate mortgage sits at 7.105% APR. .

As inflation gradually cools, the size of the Fed’s rate hikes are coming down.

Many industry leaders are projecting steady declines in rates over the next year or so:

**The National Association of Realtors forecasts an average rate of 6% by the end of 2023, and 5.6% for 2024

**Fannie Mae forecasts an average rate of 6% by the end of 2023, and 5.4% for 2024

**Mortgage Bankers Association forecasts an average rate of 5.8% by the end of 2023, and 4.9% for 2024