Record low mortgage rates to rise in 2013

Freddie Mac released its National Housing Survey yesterday saying that home loan rates will remain near record lows for the first half of 2013, but will slowly rise in the second half although remaining below 4%. Freddie said that home prices could increase by as much as 3% nationally next year with some localized areas showing even larger gains. Although this is still speculation, this is good news to any homeowner to see us turn a meaningful corner in values.