Mortgage Rates Climb Again

The average 30 year mortgage set a new six month high climbing to 4.84% from 4.66% this past week. Expect rates to continue to rise in the short term. However, with the Fed's recent announcement of continuing to purchase treasuries we may see some relief as things settle down. Although, we think rates may fall, we still think that your better off locking in now as opposed to waiting. Rates are still relatively low compared to historic numbers. If refinancing saves you money than take the sure thing. There is no reason to gamble with your finances.