Mortgage interest rates broke through a key area of support last Friday on positive news in the larger economy.
The result is that rates have already begun to rise and are moving quickly upward. A weak 4th quarter GDP number released this morning seems to have stalled the upswing and created some room for those still waiting to get locked in.
If you’re thinking about purchasing or refinancing, it’s time to stop thinking and jump on this train while you still can!
Without question, that home your thinking about WILL cost more in the near future than it does today!