Wednesday, January 11, 2017

How will rising mortgage rates affect local buyers?

Rising mortgage rates were mentioned by nearly every real estate expert as something to keep an eye on in the new year. Now, there's a tool you can use to get an estimate of just how much those rising rates might increase monthly payments in the Birmingham area. The National Association of Realtors offers a breakdown of how much monthly mortgage payments could change in each county. "Mortgage rates are still historically low, but crossing over from the 3 percent range to 4 percent range raises…

from DIYS http://ift.tt/2jkkr9C

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