Here is a great article from CNN. If the economy continues to improve as anticipated, mortgage rates will keep inching up. Freddie Mac expects the 30 year fixed rate to reach 4.7% by the end of 2014. Global Insight forecasts that rates won’t hit 6% until 2017.
All in all this is great news. We should continue to have rates that are considered “historical low rates” for the next few years. Still a great time to buy, build, renovate, or refinance!
Equal Housing Lender
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