Why Real Estate Mortgage Interest Rates Are Rising – By Rick Tobin
Mortgage interest rates are rising in spite of a sluggish U.S. economy. The 30-year fixed rate recently increased the most in one week since mid-April 1987. Freddie Mac reported that the average national Fixed Rate Mortgage (FRM) reached near 4.5% as compared with 3.93% in the previous week in mid-June 2013. Why would interest rates…