After months of declining rates, mortgage interest rates began to rise last week and seem to be staying up (view story on ABCNews). CNNMoney reports today’s interest rate for a 30-year fixed mortage at 4.53%, which is higher than our record low of 4.0%, but is still a fantastic rate. We may have seen the bottom, so those of you that have been holding out should get in the market now. Luckily, Mr. Snodgrass and I refinanced our home loan at 4% last month, so I am a happy camper. I can’t image it ever getting better than that.
If you are contemplating buying or refinancing, let me know if you need a lending recommendation or if you just want to talk about mortgages and when to buy. I am happy to help.