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Mortgage Interest Rates

By
Real Estate Agent with Sun Rise Real Estate

If you have been watching mortgage interest rates you have noticed they are going up.  Today most 30-year fixed rates are heading above 5% so if you have been sitting on the fence unsure if it is time to buy real estate and obtain a mortgage you may want to make the plunge now.

From Bankrate.com - Mortgage Rate Averages for a 30 year fixed this week 5.06% last week 4.84%

 

Comments(2)

Kristi DeFazio
RE/MAX Advantage - Colorado Springs, CO
Colorado Springs Rea lEstate 719-459-5468

I did f

notice they went up just from a week ago. Buyers are use to hearing below 5%. They are still historically great.

Feb 10, 2011 07:55 AM
Suzanne Taylor
Ultima Real Estate - Corpus Christi - Corpus Christi, TX
Home Sales In Corpus Christi, TX

Sandy, perhaps this small raise will get those buyers sitting on the fence to finally take the leap.

Feb 10, 2011 08:11 AM