Mortgage Rates to Remain above 7% Through 2027, Economist Forecasts

Mortgage rates will remain elevated above 7% through the end of next year, according to the forecast of a top housing economist with the Mortgage Bankers Association.

“Inflation is too high, leading central banks to raise short-term rates, while budget deficits and debt are unsustainably high, leading bond investors to push up longer-term rates,” MBA Chief Economist Mike Fratantoni said at…