As the economy starts to improve, there will be less pressure to keep interest rates low.
The Mortgage Bankers Association is projecting that the 30 year mortgage rate could be 4.4 percent by the end of 2013. This would be a one percent jump over where mortgage rates were at the end of 2012.
Interest rates might drop over the next couple of weeks because they go up and down just like the stock market goes up and down.
You can have good days, good weeks and bad weeks.
But what we are looking at overall looks like mortgage interest rates are inching up like the Mortgage Bankers Association is projecting.
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Home Buying - Watching Interest Rates? Now is the Time to Buy!