No Reason to Panic Over Rising Mortgage Rates

Posted By Wally Reule @ Jan 30th 2017 5:35pm In: Miscellaneous

While mortgage rates have recently risen slightly, going from an average 3.97% a year ago to 4.16% now, they are still way below average historical mortgage interest rates. For the average home buyer putting 20% down, that translates into a monthly payment that is $21 more. This situation is described more fully in a recent article in CNN Money online. To read the whole piece, go to http://money.cnn.com/2016/12/15/real_estate/rising-mortgage-rates/index.html?iid=SF_LN

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