Mortgage interest rates are on the rise. Take a look at how they've moved in 2013 so that you determine when to act on your home. If you wait, you may pay too much!
2013 Mortgage Rates: Monthly Average Interest Rates Last Year (Under 40 chars
1. If You to Buy,Wait
You’ll Have toPay
JAN
JUNE AUG SEPT OCT
MARCH APRIL MAYFEB
3.42%
3.93%
3.56% 3.54% 3.4% 3.59%
4.31% 4.41% 4.32%
Interest rates listed based on national average for the last week of each month
Sources: tcalc.timevalue.com, bankrate.com, mortgage-x.com
For more information, visit www.househunt.com
Data collected October 23, 2013
30-year fixed mortgage
$250,000 house
Monthly Payment:
$1254.86
Total Payment
$451,749.60
30-year fixed mortgage
$250,000 house
Monthly Payment:
$1438.35
Total Payment
$517,806.00
JULY
Total Interest:
$201,749.60
Total Interest:
$267,806.00
*EOY, based on current ROG
2013 Interest Rates So Far…