Posted on February 21, 2018 - 08:18 AM
by Rob Thom
Home Loans will get more expensive
After sitting below 4% for much of 2017, mortgage rates are expected to rise. Mortgage rates this year will make some measurable increases, while not significant or alarming, but it could hit 4.5% by year end, and this could potentially tame some of the home-buying enthusiasm
Mortgages have already crossed the 4% threshold in 2018, hitting 4.04% last week.
What this means for home buyers is - be prepared, get your credit as high as it can be, and get your loan paperwork in order now.
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