Where are Mortgage Rates Headed?

The cost of buying a home vs. the price of the home is often discussed. The price obviously is a major component of the cost. The other major component is the interest rate on your mortgage. A small increase in a mortgage interest rate can have a dramatic impact on your monthly payment. Remember, when purchasing a home, take into account the upcoming rise in mortgage rates in comparison with the purchase price.

Below are the projected rates from four major institutions: The National Association of Realtors (NAR), Fannie Mae, Freddie Mac and PMI.

2 responses to this post.

  1. Nice informative blog. I would like to share this blog with my friends.


  2. Thanks for sharing such a useful information. I am definitely going to use it next time.


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