In a rising rate environment it is important to understand the potential cost of waiting to lock in a rate or to sell or buy a property. These links provide a detailed analysis of the cost of waiting, the cost monthly, over 10 years and over 30 years. Please feel free to copy and share these reports. They can be shared and viewed an unlimited number of times and are regularly updated with current rates.
According to a recent article in Bankrate.com, The Mortgage Bankers Association expects the 30-year fixed rate to rise to about 4.8 percent by the second quarter of the year (2014), reaching 5 percent in the third quarter, according to the MBA’s latest forecast
Read more: Bankrate.com Article