Mortgage Rates Are Climbing? Ready to Buy?

Mortgage rates climbed again after giving borrowers a short reprieve last week. The seesawing is likely to continue at least until the Federal Reserve meets later this month.

The benchmark 30-year fixed-rate mortgage rose to 4.72 percent from 4.62 percent last week, according to the Bankrate.com national survey of large lenders.

Potential homebuyers worry that higher rates and rising home prices will make homeownership unaffordable. Many of those who previously owned a home but lost it to foreclosure or short sale -- because of income reduction or a job loss -- also are trying to beat the clock.

For a free consultation to see if now is the time to buy a home contact:

David Demangos 
858.232.8410
www.DemangosHomes.com 
San Diego Real Estate Expert
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