Mortgage, Rate, Interest, Home Buyer, May 22, 2013

Mortgage Rates Projected to Increase

The Mortgage Bankers AssociationFannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will pay if they wait.

Steve Hill and Sandra Brenner, Windermere Real Estate Seattle-Northwest 206-769-9577