Current Interest rates
30 year fixed rate: 4.875% (APR 4.941%)
20 year fixed rate: 4.75% (APR 4.881%)
15 year fixed rate: 4.375% (APR 4.517%)
FHA 30 year fixed: 4.375% (APR 5.771%)
USDA 30 year fixed: 4.625% (APR 5.263%)
Forecast for Interest Rates
Rates are still increasing. I don't see anything stopping them anytime soon. I would still expect rates to rise over the long run. On a good note... we are seeing values increasing and it has been easier than ever to get loans to go through.