Mortgage Interest Rates On The Rise

For most of 2010, mortgage interest rates held steady in the historically low 4% range. In 2011, they are now in the 5% range, and mortgage brokers are predicting, that like the steady rise of the stock market, interest rates will be in the 6% range by the end of the year. For every quarter percent increase, thousands of potential buyers no longer qualify for a loan. Something to keep in mind when you’re trying to decide if it’s time to sell or not.

Advertisement