Rates Are Starting to Rise.
Mortgage rates for 30 year fixed loans are starting to rise. Rates are starting to rise as the economy starts to recover. With the Dow Jones Average going in an upward direction, so do mortgage rates. The rates will soon be over 4% and will continue to rise as the housing market improves.
If you have not started your home search you need to do so as quickly as you can. Rates are not going to go down anytime soon. Housing prices are starting an upward trend in the Seattle, Washington area as well. Inventory is down to 4.5 months of inventory and that is good news for the housing market.