Mortgage interest rates are on the rise....they are now at a sky high 3.95%

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Mortgage interest rates are on the rise....they are now at a sky high 3.95%
By Scott Rogers • March 2, 2012 Filed In: financing, news
Don't get too worried, interest rates are still incredibly low, and still below 4%. But after four weeks at record lows, the average 30-year mortgage interest rate increased from 3.87% to 3.95% "The rise in rates is a vote of confidence for the housing market, which continues to show signs of gradual improvement, said Frank Nothaft, Freddie Mac's chief economist." Other factors affecting more optimism in the housing market: decline in # of borrowers who are seriously delinquent on their loans increase in new home construction stronger pace of existing home sales More details here at CNN Money. Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address:
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through May 20, 2013 (unless otherwise noted).
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
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