After reaching record lows in 2012, mortgage rates are expected to creep up slowly in the year ahead, the Mortgage Bankers Association predicted on Tuesday, October 23, 2012.
Mortgage rates predicted to rise in 2013, slowly
Rates on the 30-year fixed-rate mortgage are expected to average 3.8%
in the fourth quarter of 2012, rising to 3.9% in the first quarter of
2013 and eventually rising to an average 4.4% by the fourth quarter of
next year, the MBA said. The 30 year mortgage rate is expected to average 4.1% for
all of 2013.
Call me to review your purchase or refinance options at today's 'best rates in our lifetime!". :)