30-Year Mortgage Rate Increase is Coming; Assume it Will Be Soon


Earlier in the week, we explained that experts have projected that U.S. home prices will appreciate by approximately 5% in 2013. We also revealed the Mortgage Bankers AssociationFannie Mae and the National Association of Realtorshave all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that prices and interest rates will rise as projected, here is the monthly difference a buyer may pay if they wait a year.

Increase in Cost

About FineHomesDigest

The Fine Homes Team, Mark Finchem, Associate Broker with Long Realty Company, provides service to buyers, seller and builders where fine homes are concerned. With extensive experience in residential real estate transactions we can help you with the home you'd rather have.
This entry was posted in Down-sizing, Fine Homes, Home Buyer, Home Seller, Housing Market, Oro Valley, Right-sizing and tagged , . Bookmark the permalink.

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