You may have heard that mortgage interest rates have been going up the last several weeks. And Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all predicting that mortgage rates will continue to rise over the next year.
Rather than lament the fact that you may no longer be able to get a rate less than 4%, you can be happy that you can still get mortgage rates that are significantly lower than they have been in the last 50 years!
Next year could be the year to take advantage of both low rates and strong prices to sell your current home and make a move while rates are still relatively low.
Sharlene Hensrud, RE/MAX Results - Minneapolis-St. Paul Realtor