Rising Rates Unlikely to Affect Purchase Mortgages
While home mortgage interest rates have seen a recent rise, it is unlikely to affect home purchasing activity. In addition, the rising rates have almost no affect on Home Affordability. As rates continue to remain near historic low levels and with the continued improvement throughout all sectors in our economy, home purchase activity is expected to increase between 12% and 22% for the remainder of 2013. Contact John and see how much of a mortgage that you are qualified for.
