With the economy showing signs of life lately mortgage interest rates have slowly been creeping higher. While it is still possible to get a 30 year fixed government-backed mortgage at below 5% that window of opportunity may be closing quickly.
While rising interest rates will be met with rejoicing among savers and investors, they are not desirable to folks looking to refinance their mortgages or people who have adjustable rate mortgages now. If you have considered getting an estimate on a refinance to a lower interest rate contact us in the sidebar right away. We may be looking at the recent record low rates through the rear view mirror as soon as this Spring.