Interest Rates Rise for the First Time in 8 Weeks

According to UrbanTurf, long-term mortgage rates had been dropping for eight straight weeks by the end of last week, but the interest rates for 30-year fixed mortgages are starting to go up. The good news is overall mortgage rates are still at their lowest point since last December.

If you have been looking at the market for a while, now may be a great time to talk to your lender to find out how you can benefit from the current historically low interest rates.

Layer the City First Homes program with conventional loans and you are even one step closer to your new home!

Go to http://dc.urbanturf.com/articles/blog/4.5_mortgage_rates_rise_slightly/3667 for the full article.

  

(Graph from UrbanTurf website)

- Anlan Zhang