Mortgage Interest Rates Will Rise
There is no telling when but it will happen. Keep in mind that every 1% increase in interest rates reduces your buying power 11%. MarketWatch Reports:
Mortgages to finance a home purchase are expected to rise by 16% in 2013, compared with 2012, as the economy grows modestly and more owner-occupied home sales occur, as opposed to cash purchases by investors, Brinkmann said.
Don’t miss out on these low rates!