Well, it seems the mortgage interest rates might really, finally, be on the rise -- for good.  Over the past several years there were several times when I thought they might be rising -- but then they'd fall again a few weeks later.

We have seen a rather steady increase in mortgage rates since November 2016 -- and it is not yet clear when that increase will slow down or stabilize.  Maybe around 4.25%?  Hopefully? 

From June 2016 - October 2016 we saw average rates below 3.5%.  We're now up to 4.3%.  That types of a change in mortgage interest rates impacts payments for buyers and could affect the number of home sales we will see in 2017.

While I don't think we'll see rates fall back below 4% in 2017 -- I am hopeful that they'll stay between 4.25% and 4.75%.  Stay tuned for further updates.