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.
1 For two years, mortgage interest rates have confounded the experts -- falling to new lows despite predictions they would rise. Top economists still expect rates to reach or exceed 4 percent by the yearâs end and soar to 4.5 percent or even higher in 2017.  The reason?