Are Mortgage Rates Headed for 10% in 3 Years?

A New York Fed survey suggests a possible rise in mortgage rates, with consumers expecting a reach of 10% in three years. This shift in sentiment could lead to decreased demand in the housing market, impacting prices and affordability. The Federal Reserve's actions will play a key role in these predictions. It's recommended to stay informed, get pre-approved for a mortgage, and be flexible to navigate potential market changes.