U.S. Mortgage Rates Increase For First Time In 7 Weeks
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.
What are your thoughts?