Friday, February 25, 2011

Real Estate Mortgage Rates On The Rise

Read yesterday that Mortgage rates are creeping back up over 5%
The rate on the 30-year conforming mortgage has risen to 5.1% and is expected to rise even more in the coming weeks. What does this mean for the housing market as we come up on the Spring? Hopefully, those planning on buying will act soon, before they increase more. Could ...have a positive affect - expediting an early Spring market. What's your opinion?