Looking for financing for Smyrna real estate in 2018? Mortgage experts are busy making their predictions for the coming year and there are quite a few different factors that they’re considering in how they’re forecasting where mortgage rates are headed in 2018. Here are some of the things they’re saying and what you might expect if you’re in the market for real estate in 2018.

Rates Might Go Up

Plenty of mortgage experts are forecasting that rates might go up during 2018. According to such predictions, the Feds are likely to implement more restrictive monetary policies in the coming year, and that might cause an increase in the cost of financing a home.


The consensus seems to be that rates will go up somewhere around 0.50 percent. In mortgage parlance, that’s 50 basis points. If this prediction holds true, that means that mortgage rates would be in the five percent range by the end of the year, which is still very low, historically speaking, but which does represent a bump up from 2017’s rates.

On the Other Hand, Rates Might Stay Low

Other economists predict that rates will remain right around where they are. As is the case with those who predict an increase in rates, there are solid economic reasons behind why some economists predict that rates will remain largely unchanged.


Unemployment is low right now, and that should keep mortgage rates from going up significantly, according to these experts. Additionally, Freddie Mac predicts that rates should go up to approximately 4.6 percent by the end of the year.

What Does it Mean for Buyers?

The amount of increase in mortgage rates the experts are predicting, overall, isn’t severe. For first-time buyers and those who are establishing their credit, keeping current with payments and correcting credit reporting errors will still have significant impact on the rates mortgage providers offer. For those who have excellent credit, the best available rates might be a bit higher this year than they are now, so getting financing before the rates go up makes sense.


If you need more information on how to get prequalified for a mortgage or about what you should expect from mortgage lenders, you can start by talking to us. If you’re a first-time buyer, in particular, talking to us about finding a home in general, including how one goes about getting financing, is a smart decision.