interest rates: 4% Rates are over - For Good - 01/04/11 02:35 AM

 
50 Year lows on interest rates have begun to rise and most predict that's just the way it's going to be.  According to Freddie Mac's weekly mortgage market survey, average 30-year fixed rates are up to 4.86% from 4.17%.  Bankrate.com has the average at 5.02%, crossing the 5% mark for the second time in 3 weeks.
Rates haven't been this high since May and most industry experts expect them to remain in the 5%-6% range for the rest of the year.  This can be good news for any clients that have been walking the line the last few weeks … (2 comments)