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Mortgage Rates are expected to rise.....
Now is the time to buy, and now is the time to put your home on the market too!
Why?
Because the FED has indicated that they would wrap up $1.25 trillion in purchases of mortgaged-backed securities this month.
High unemployment, modest income growth, lower housing wealth and tight credit are factors to improvements in the economy and to the FED's constraints.
The Mortgage Bankers Association predicted that mortgage rates will rise gradually for the remainder of this year, and they will stay on an upward trajectory in 2011 and 2012.
Source: inman news
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