The Mortgage Bankers Association met recently and predicted that interest rates will rise in the next year or two. While a small hike may not seem like much, it has a huge effect over the life of a mortgage.Contact David DirectlyToday I wanted to stop by with a quick market forecast for 2017 and beyond.The Mortgage Bankers Association recently met this month to discuss their predictions for the market in 2017 and beyond. The good news is that they expect real estate sales to hold steady or even increase slightly over the next few years. However, they also predict that interest rates will rise anywhere from .5% to a full percentage point over the next year or two. A small rise in interest rates will add thousands of dollars to a mortgage. Even a rise in rates that small can add thousands of dollars to a mortgage over the course of the loan. For that reason, I implore all of you who are thinking of buying a home in the next year and are still sitting on the sidelines, now is the time to act!I can help you out with a comprehensive cost-benefit analysis, as well as a mortgage pre-qualification at no cost. Contact me directly, and I'd be happy to help you out!