The housing market is getting better... and that is one of the things that makes rates go up. What does that mean for you as a buyer? It means that if you've been thinking about buying a home, but haven't gotten around to it, you shouldn't wait:
For example... with the economy climbing slowly out of recession, and the Federal Reserve expected to throttle back on its mortgage securities purchases , interest rates are now trending upwards. Last week's thirty year average fixed rate for new mortgages hit 5.2 percent, according to the Mortgage Bankers Association. That's still very low by historical standards, but it's up nearly a quarter of a percentage point just since mid December. (From Homes101 Real Estate News) If you want to buy a home, contact me: mike@mikedavishomes.com , 515.966.4510, or instant message me right from this website.
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