Thursday, December 9, 2010

Interest rates are on the rise as well as housing prices!  If you are on the bench about buying or selling then now is the time to decide.  Click on this link and read the article...
"WASHINGTON, Dec. 9 (UPI) -- Average interest rates for long-term mortgages rose for the fourth consecutive week, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
The average interest rate for 30-year fixed-rate mortgages rose from 4.46 percent to 4.61 percent with 0.7 points. Average interest rates for 15-year contracts rose from 3.81 percent to 3.96 percent with 0.7 points, Freddie Mac said."

http://www.upi.com/Business_News/2010/12/09/Mortgage-rates-rise-for-fourth-week/UPI-73451291921226/

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