Luck refers to that which happens to a person beyond that person's control. This view incorporates phenomena that are chance happenings, a person's place of birth for example, but where there is no uncertainty involved, or where the uncertainty is irrelevant.
Average rates on 30-year fixed-rate mortgages have climbed in recent weeks by about a quarter-percentage point, from 3.75 percent to almost 4 percent â about a $600-a-year difference on a $350,000 mortgage. Several sources of data suggest that buyers are paying more attention to the threat of higher rates.
As you can see, mortgage rates are projected to go up in 2017, though not by a whole lot. Of course, it will vary depending on which forecast you believe. Rates are expected to stay in the 4% realm in 2018, which should be welcome news to most.