Interest Rates Rising

Well as most of you know rates have been rising the past few weeks. Lenders are nervous that the Fed may raise rates in August. This week rates rose from an average of 6.37% on 30 year fixed to 6.42% on 30 year fixed, according to Freddie Mac. Though rates are up a bit, they are still good and it is still affordable to buy or finance. I don't see rates going down unless the Job market takes a big hit. We'll all have to see in August though...