Check out this blog post by Will Smith of UrbanTurf. The article discusses how high mortgage rates will go before settling down.
“The San Francisco Chronicle just ran an article in which a number of experts were surveyed for their predictions, which ranged from 50 to 200 basis points, putting the resulting rate between 5.5 and 7 percent,” Smith wrote. ”At today’s 4.875 percent, a $200,000 mortgage costs $1,058 per month. If rates rose to 5.5 percent, that monthly expense would rise $78 to $1,136. If rates rose all the way …
