Are You Aware 4th Straight Week Mortgages Have Gone Up

Are You Aware 4th Straight Week Mortgages Have Gone Up

Some may say, "What is happening with mortgage rates"?  Yet the most likely place for interest rates to go is up.  Yes, we all know that the interest rates are being propped up by the Fed and the Treasury.  It can only go on for a while.  Now, we are seeing the rates go up.  This should continue for a rather long period of time.  Bond rates are going to continue to drive this issue.

Freddie Mac shows the interest rate at 3.81 percent with .8 points up in one week from 3.59 percent with .7 points one week ago.  This can have an effect on the market effecting the amount that the consumer can afford to purchase.  We need to pay attention to the interest rates.

Most consumers are unaware of these increases.