Why are mortgage interest rates rising?

By
Real Estate Agent with Keller Williams Realty - San Diego Metro

I've had a lot of clients asking me about what has caused the recent uptick in interest rates. Here's a great, really quick video from the WSJ explaining the recent rise in interest rates:

 

There's also a little bit in there about how "staying on the fence" could lead to a higher monthly payment. That said, it is still a great time to buy in San Diego as prices are still well off their 2007 peaks and interest rates are still historically low.

If you are looking to buy or sell a home in San Diego County please contact me at (619) 772-1574, michael@michaelbarrowrealty.com or check out my website www.michaelbarrowrealty.com.

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