Projection for 2015 mortgage interest rates range from 4.6% to 5.3% from Fannie Mae and NAR. Doug Duncan, However, Chief Economist of Fannie Mae says, "I don't think the Fed ulitmately would be troubled with a 6.5% mortgage rate." So there looks to be momentum for the interest rates to keep on rising. So what will be the impact of increasing interest rates? Watch the video to find out
