Rates went up this week! Could this be a trend?

Talk of the improving business climate is credited with the increase in
rates this week.

From DS News:


<http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i
d=2924ff094b&e=ebe71b748c
> Mortgage Interest Rates on the Move Again ...
Upward

They've been sitting at half-century lows for months now, but that trend
appears to have snapped as mortgage interest rates across the board rose
again this week. One industry report points out that long-term rates have
been heading upward for three weeks straight; another says they've now hit a
four-month high. Freddie Mac puts the average 30-year rate at 4.46 percent
and the 15-year rate at 3.81 percent. Bankrate says the larger jumbo 30-year
fixed rate jumped as well, settling at 5.29 percent.

-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