Rising Mortgage Rates May Spark Buying Frenzy

HouseMoney
Rising mortgage rates are prompting some renters to jump off the fence and consider buying a home.  Mortgage rates have seen a sharp rise in recent weeks.  Mortgage applications for home purchases have risen 3% and are up 14% over year-ago levels.  Fed Chairman Ben Bernanke recently suggested that the Fed’s efforts to keep mortgage rates at record lows may be nearing an end soon.
Read article – Realtor Magazine

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

One Response to Rising Mortgage Rates May Spark Buying Frenzy

  1. Brian says:

    Indeed interesting and I am not sure exactly if we will see a market correction in 2013 or the rates will continue to rise…good times for buyers but not sure that will last.

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