Interesting piece that talks about interest rates moving higher - TopicsExpress

Interesting piece that talks about interest rates moving higher over the next couple years. Mortgage Bankers Association forecast says Mortgage rates will likely rise above 5 percent in 2014 and average 5.3% by the end of 2015 Current interest rates are around 4.25% for a conforming loan, according to a local mortage broker I spoke with tonight, Ryan Baker. Higher interest rates mean higher mortgage payments each month.

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