Fixed home loan interest rates seem to be on the rise from the record lows this year. Doug Duncan, chief economist at Fannie Mae does not think they will be that low again. There are three main reasons for the increasing rates. The Fed is going to stop bolstering the housing market as early as September. The economy is no longer reeling. Yippie! Improvements in the economy have increased since emerging from the recession. The market is getting stronger with more job hiring. The interest rates this week are still low with an average range of 3.82 to 4.12. The supply is low so it is still a sellers market. It is also a great time to buy before interest rates climb higher. Everyone can be a winner buying or selling a home
Is it time to say goodbye?
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