Mortgage Rates In The U.S. Up

Mortgage rates in the U.S. are on the rise, and so are the costs for borrowers.

Last week the average interest rate for a 30 year mortgage was 4.4%. This week the rate rose to a 2 year high at 4.58%.

The rates for 15 year home loans also rose at the same rate. Last week the rates were at 3.44% and now they are at 4.68%. Homebuyers are now flying in to set up mortgages, refinances and loans before the rates increase even more. Now is the time to take advantage. The latest studies show that if you are in the market for a loan, the rates are at a good spot now to take advantage. The study also warns that waiting might have you paying more. The rates will not be this low for a long time.

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One of the most important purchases we will make in our lives is the purchase of a home or property. Securing a low interest rate is key in having an affordable and comfortable payment. If you are in the market, check out the companies we offer here at Mortgage.info. We strive to bring you the best information in a timely manner to help you make informed decisions.

Christian

Christian

Christian Calvin mortgage Christian is a contributing writer for Mortgage.info. He is a graduate from the University of Tennessee with a degree in Communications and a concentration in Broadcasting. Christian has served as vice-president for a privately-held company for more than 20 years. Additionally, he has also applied his writing and business knowledge to various websites with a focus on business and sports news . . . both of which are passions. Christian enjoys playing golf and spending time with his family and friends.

Contact: christian@mortgage.info
Christian

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