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Mortgage Rates Rise, Expect Higher Monthly Payments

Friday, May 31, 2013   /   by Teresa Dipeso

Mortgage Rates Rise, Expect Higher Monthly Payments

The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors projected 30-year mortgage rate to rise to at least 4% by the end of 2013. However, 30 year fixed conforming rates hit  4.125% June 1st. Comparing rates from just a few weeks ago when they were 3.5%, here is the difference a buyer will pay over time.

 

Mortgage Rate Comparison

Mortage rates are rising which means higher payments over time. Now is the time to purchase your new home at the Jersey Shore! Call our team and speak to a real estate and mortgage professional today!

 

Courtesy KCM

Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
Long & Foster
Avalon/Stone Harbor/Cape May/Sea Isle/Wildwoods, NJ 08202
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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