Mortgage Rates Reverse Course

By
Real Estate Sales Representative with Wizards of Waz Real Estate

Freddie Mac reported that mortgage rates edged up 10 basis points last week. The 30 year rate jumped from 3.88 to 3.98, the first such increase following a few weeks of record lows. It's hard to sy at this point if this is a trend or an anomoly but it's worth watching. I think we all realize that they had to hit bottom at some point in time. The question now is will they continue their upward climb.

If you are considering buying a home, this is something to keep an eye on!

 

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