Mortgage Rates climb fo 4th week

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> Mortgage Rates Climb for Fourth Straight Week

Mortgage interest rates rose again this week, marking the fourth consecutive
increase. Freddie Mac says the average rate on a 30-year fixed mortgage has
jumped to 4.61 percent, up from 4.46 percent just one week earlier. If such
sharp increments continue at this pace, the 30-year rate could rise above
where it was a full year ago (4.81 percent) in a matter of mere weeks. For a
$200,000 conventional loan, the sudden rise amounts to $50 more in monthly
payments than if buyers had locked in rates just two months ago.

-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766