Posted on February 15, 2011
The Seattle Times recently published an article titled "Era of Super-Low Mortgage Rates Appears To Be Over."
Mortgage rates for 30 year home loans rose above 5% for the first time since April 2010. Rates were at a forty year low in November 2010.
Since a 1% rise in a mortgage rate means a 10% loss in buying power, it would be a good time to take advantage of the excellent values on the market.
Click on the link to read the Seattle Times article: