Why mortgage rates will continue to rise in 2014

mortgageRob Robertson | Memphis Business Journal

Mortgages are going to cost more in 2014 because they could not have cost less in 2013. Well, almost.

After six years (but really, more like 30 years) of steadily dropping, the home lending market finally hit an historic price floor in late 2012, with rates for 30-year fixed mortgages leveling off at about 3.38 percent.

Continued: 

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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