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.
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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!". :)