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Thursday, January 29, 2015

"Mortgage rates reverse course, move higher"- Housing Wire

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

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