Friday, March 8, 2013

Mortgage Rates

The Mortgage Bankers Association projects 30 year mortgage rates will hit 4.4% by the end of the year.

The difference in monthly payment (principal and interest) on a $200,000 mortgage if rates go from 3.4% to 4.4% is $114.56.  That is a difference of 1,374.72 a year that you could be saving if you buy now!