When mortgage rates go up it is bad news for potential home buyers. This means your payment will be a little higher. Even a slight increase can cause you to pay significantly more over the years. If you can wait till rates go down you should. Not everyone can wait, though. It’s good to at least know what you’ll be paying so you can make an informed decision. Before signing any papers do your research.

Read more: NatWest increases mortgage rates by up to 0.20% – Financial Reporter