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Why Are Mortgage Intrest Rates Rising?

August 12th, 2013 12:02 PM by Michael Barrow

I've had a lot of clients asking me about what has caused the recent uptick in interest rates. Here's a great, really quick video from the WSJ explaining the recent rise in interest rates:

 

There's also a little bit in there about how "staying on the fence" could lead to a higher monthly payment. That said, it is still a great time to buy in San Diego as prices are still well off their 2007 peaks and interest rates are still historically low.

If you are looking to buy or sell a home in San Diego County or would like more information on the San Diego real estate market please contact me at (619) 772-1574, michael@michaelbarrowrealty.com.

Posted in:General
Posted by Michael Barrow on August 12th, 2013 12:02 PM

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