Tuesday, July 9, 2013

Will Rising Mortgage Rates Cool the Market?

Will Rising Mortgage Rates Cool the Market?

Mortgage Rates are rising! Is now the time to purchase that home? Rates are at their highest level in two years jumping from 3.59 to 4.58 from the start of Mat to the end of June. Follow the link above and consider how mortgage rates could affect you.  

2 comments :

  1. Bret,

    They have actually softened a bit the last few days. This seems mainly due to the knee jerk reaction. Although I don't see them going back to where they have been it is still a great rate and great time to purchase a new home.

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  2. Chad,

    I too believe that rates are still great in the 4% range. I hope we understand that now is a great time to purchase. Rates will not stay this low forever. We are no longer in the 3% range and may not be there again for a long time. One day in the not too distant future we will say the same about 4% rates.

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