Mortgage Rates Are Expected To Rise Further This Year To Their Highest Level In A Decade
from CoreLogic
– this post authored by FRANK NOTHAFT
Mortgage rates are expected to rise further this year to their highest level in a decade, affecting home buyer’s monthly payments and lessening the dollar increase in home-purchase lending. A larger effect will be on refinance: Millions of homeowners had refinanced into low-rate mortgages over the last few years. These homeowners are unlikely to refinance their low-rate mortgage unless needing to cash out some home equity for home improvements or other expenditures.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201901170525
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