Mortgage rates will rise next year

By Patrick   Follow   Thu, 8 Nov 2012, 2:36pm PST   496 views   1 comment   Watch (0)   Share   Quote   Permalink   Like   Dislike

MarketWatch)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. 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 mortgage is expected to average 4.1% for all of 2013. Granted, in these times, mortgage rates are increasingly difficult to predict. So take this forecast with a grain of salt. Last...


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mell   befriend   ignore   Thu, 8 Nov 2012, 2:52pm PST   Share   Quote   Like (2)   Dislike     Comment 1

Don't worry, the FED will initiate operation bazooka-twist and buy up every single MBS for the next 100 years to come and cut the central lending rate to -2% to bring effective mortgage rates to 0.01% so that everybody can "own" a million dollar property.

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