Thinking of buying a home in 2017? Get a pre-approval done ASAP.
More interest rate increases are predicted & not having a pre-approved rate held for you could make your home ownership dreams unaffordable. A $450,000 purchase with just a .5% increase in mortgage rates will cost you $113 more each month in payments & thousands more in interest over the term of your mortgage.
http://www.jencormortgage.com/blog/market-news/mortgage-rates-going-higher/