U.S. Mortgage Rates Increase For First Time In 7 Weeks

Aug 7, 2012 | No Responses

Are we so accustomed to amazingly low mortgage rates that this increase is a suprise?

I have to be honest, while this new change caught me a bit off guard, I am sure you’ll agree with me, it was bound to happen.

It has been wonderful to hear stories from clients and friends who have bought a home or refinanced at the low rates we have been offered these last weeks.

As home prices have stabilized and the market shows proof of recovery, I sure hope mortgage rates do not try to make up for lost time and climb to unrealistic numbers. Qualifying for loans is already a challenge for many, this would add heartache for those borrowing.

Here is that great article that brought us the news.

What are your thoughts?

Author: Karina Pacific

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