Frederick Home Buyer's Mortgage Rates Update

Monday, January 3, 2011

Mortgage rates are ticking up again.  It seems that the incredibly low mortgage rate rally may be ending.

Between April and early-November 2010, rates fell more than 1 %. They’ve hovered around the low 4′s for weeks, and now we see them creeping up to the high 4′s.  Today, Wells Fargo Home mortgage reports rates of 4.875% for a 30-year fixed

For a historical view of rates:


Remember that mortgage rates and bond rates are like opposite ends of a see-saw.

So, look for mortgage rates to rise.  How fast?  Depends on how fast inflation rises.  You can also watch bond rates and judge from that. *For Historical Record, November 3rd, rates hit an all time low of 4% with 0 points.  Briefly.  Never before had they been so low.

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The Highland Group – Real Estate Teams
Chris & Karen Highland *    301-831-9947
Real Estate Teams, LLC
email us: karen@allthingsfrederick.com
Text Us: 301-401-5119