It is that time of year again… Here is my mortgage interest rate prediction for 2013
Minneapolis, MN: I expect long-term 30-year fixed rates to remain +/- about 3.50% for the first 6 months of 2013, with a slow but steady increase the second half of 2013 – but with the 30-year fixed rate remaining under 4.00% the entire year.
I also expect to see property values to slowly rise, with the average home increasing in value about 3% nationwide. While that doesn’t sound like much, it is well within long-term historic appreciation levels.