Greg McBride of Bankrate.com is now commenting on the prospect of higher mortgage rates in the near term, once the Fed stops buying Mortgage Backed Securities at the end of March. He thinks rates will jump just .50%, others think it will go even higher. Watch what he says:
Either way, one thing is right. If you are considering refinancing your Atlanta area home, the time is definitely running out. As for Atlanta home buyers, well, what you can afford will decrease in proportion to the increase in mortgage rates. So, if you are ready to pull the trigger and put in an offer, do so.
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