Any predictions for interest rates in 2024-2025? Are the 3% interest rates of the past gone for many years to come?

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I believe ‘normal’ interest rates are between 5-7%. Doubt you will see 3% unless there is another catastrophic event

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If anyone really knew where rates will be, he’d be a billionaire overnight. But speaking of ranges, I’d be shocked if anyone saw 3% for residential mortgages anytime soon. Commercial has been different though. For a while, commercial interest rates were less than primary home mortgages.

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Crystal ball says “look out for the giant bear, might effect aliveness”.

Seriously, who knows. Interest rate forecasts are generally useless but, baring a major recession, I doubt you’ll see 3% anytime soon.

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I’d guess mortgage interest rates will normalize in the mid 4’s to low 5’s.

Whether that happens in the next 12 to 36 months is TBD.

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I've been following this closely and all the experts say not for a while.. I hope they are wrong.

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We won’t see 3% again for a longggggggggggggg time. I would expect 5-6% to be the normal.

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