As consumer confidence and optimism in our economy reaches a high, (according to The University of Michigan Consumer Sentiment Index,National Federation of Independent Businesses' Small Business Optimism Index, CNBC All-America Economic Survey, The Conference Board Consumer Confidence Survey) the housing market gets ready, seeing more sales as people begin to plan out their future. It is important to keep in mind that the future comes sooner than we expect, so as a consumer, you should buy sooner in the year rather than later.

Your monthly mortgage payment consists of two components, homes prices and interest rates, both of which are projected to increase as the year continues. HSH.com, Svenja Gudell (Zillow’s Chief Economist), Mark Fleming (First American’s Chief Economist), and Lawrence Yun (NAR’s Chief Economist) all agree that the mortgage rates are likely to climb anywhere from 4.6-5% during the year. There is no saying when the mortgage rates will start to change, which makes “earlier rather than later” a better option for the consumer, their family, and their future.