It’s important to understand how mortgage rate increases could affect your home purchase — but there’s no reason to panic.
Mortgage rates are rising steadily for the first time since the Great Recession. So what does this mean for buyers now and in the future?
Unless you plan to buy your home with cash (lucky you!), it’s important to know what’s going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won’t stay this way forever, let’s take a moment to learn what rate hikes could mean to you.
– See more at: https://www.trulia.com/blog/mortgage-rates-increase-housing-market-predictions/?ecampaign=con_cnews_digest&eurl=www.trulia.com%2Fblog%2Fmortgage-rates-increase-housing-market-predictions%2F#sthash.6FjBLBUP.dpuf