With mortgage rates hitting record lows in 2012 it is expected in 2013 rates will inevitably rise in 2013.
The Mortgage Bankers Association expects that they'll gradually increase over coming 12 months, with
rates for 30-year fixed loans averaging 3.8% in Q4 of 2012, 3.9% in Q1 of 2013,
and eventually climbing to 4.4% by this time next year. It is a safe bet that
rates, at some point, will move higher, but the MBA has been incorrect for the last several years. For
example, the MBA forecast that the average rate for 2012 would be 4.4%, and the
annual average is estimated to be closer to 3.8%.
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