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Rates are incredibly low right now!

 

At some point they have to go up. The bay area housing market has increased so much the last 12 months, that the FED should be concerned about inflation, but unfortunately our tech economy seems to be one of the hot spots in the nation.

 

From DS News

Mortgage Rates Reverse Trend, Heading Higher

After three weeks of declining, borrowing costs reversed trend this week as mortgage interest rates headed higher on strengthening economic data in the wake of the government shutdown. Freddie Mac's weekly survey puts the average 30-year fixed-rate mortgage at 4.16 percent for the week ending November 7. Bankrate reported similar findings but with its averages a bit higher as the 30-year fixed rate settled in at 4.35 percent. » Read More

 

- Sunil Sethi

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