Mortgage Rates Hit 5%

Mortgage rates are inching up, currently hovering around 5%.  According to a CNNmoney.com report, interest rates at 5% don’t affect home buyers.  While 5% is still low,  and would only add slightly to a monthly mortgage, a continued increase in rates will affect the amount of home a buyer can purchase.

Other posts that discuss mortgage rates include:

Mortgage Rates – How An Increase In Rates Affects Your Purchasing Power

Fannie Mae and Freddie Mac Increasing Interest Rates and Fees

The Difference between Cost vs. Price


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Jennifer Wollmann

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