Peter Idziak spoke with CBS News to discuss the future of mortgage rates and whether they may be approaching their peak. Idziak predicted rates will remain high for some time.
“With the Fed expected to raise the federal funds rates at least twice more this year, I believe we could see rates touch or briefly exceed last October’s highs of near 7.2% later this year before falling back under 6% near the end of the year.”
For more of Idziak’s insights, please read the full CBS News article – How high will mortgage rates climb? Experts weigh in