Thursday, March 28, 2013

Mortgage Interest Rates Turn Up in February

The Federal Housing Finance Agency released figures today showing a slight increase in mortgage interest rates in February. I recall the good old days when an upward tick in the rates would stimulate buyers to come out to avoid the anticipated price adjustments resulting from another increase. It would appear that, just as spring heralds its arrival with new growth, the housing market is also seeing signs of rebirth. It may be minimal, it may be slow, but it sure is welcomed!

Here's a link to the full report.