The changing mortgage interest rate future
Category: Economy & Uncategorized
Legal & Generalâs latest quarterly Mortgage Mood survey has revealed that 68% of homeowners surveyed fear a mortgage rate rise in the next 12 months, but the majority of that group (45%) believe that rates wonât increase by more than 1%. Looking forward two years, over half of the homeowners (52%) feel that rates still wonât increase by more than 2%, with only 12% predicting an increase of 3% over the next 24 months.