That headline probably scared more than a few Tucson home buyers until they actually read the article.
Yes, the 30 year, fixed-rate mortgage average went up to 3.66% this week. BUT...that was up from 3.63% the week before, an increase of a mere 0.03%. AND...that rate is still way below the average one year ago of 4.32%.
Freddie Mac: Mortgage rates reverse course, move higher | 2015-01-29 | HousingWire