Interest Rate Move Higher
Mortgage interest rates have moved highter since a low near the end of June. The nation average for a 30-year fixed note is currently 5.32% and experts predict that the upward trend will continue. As right inch higher, more buyers will be forced out of the housing market. This may be an excellent time to buy or sell a home and lock in these rates now.
The rates for ARM loan have been moving up faster than conventional 30-year fixed notes. While still at 4.81%, the gap is narrowing. Buyers would be advised to consider both ARM and 30-year to determine which best fits your needs at this time. Your mortgage consultant should be able to assist.
[Source www.bankrate.com]
posted by Bruce Weise @ 10:00 AM
6 comments
6 Comments:
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