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.
The Mortgage Bankers Association predicts that the 30-year fixed-rate mortgage will rise gradually over the year, averaging 4.7 percent in the fourth quarter of 2017. The National Association of Realtors expects the 30-year fixed to be around 4.6 percent at the end of this year.