Mortgage rates will continue to rise. They will probably be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months. The rates will be even higher in 2015 and 2016. Certainly, rising rates are bad news for buyers and some potential homebuyers will be pushed out of the market.
How to get your act together before buying your first home ~ Seattle Times
Fannie Mae: Homeowner optimism soars to new highs ~ Housing Wire