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Mortgage Rates Projected to Increase


The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will pay if they wait.

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5 Responses to “Mortgage Rates Projected to Increase”

  1. home loans January 3, 2014 at 3:24 pm # Reply

    Fixed Rate Mortgage has a fixed interest rate and only a single monthly payment for principal and interest for the entire loan period.
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    To calculate this accurately, make sure you include all your monthly debt including credit cards, car loans,
    other loans or anything you pay on a monthly basis that was purchased on credit.
    In this case, you would be able to borrow up to $120,000.

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