Right now, interest rates on 30-year fixed-rate mortgage are averaging about 4.5%, but experts are expecting interest rates to climb over 5% this year. .5% may not seem like a big number, but it can make a large difference over the course of time. Take a look at our infographic below.
According to the S&P/Case-Shiller Home Price Indices, home prices in 19 out of 20 metropolitan real estate markets rose in the past year. Prices nationally are predicted to rise an average of 5-6% in 2013. Waiting to buy may cost you!
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