…I’ve been warning for quite some time, and today’s little rate spike probably opened a few eyes. If you’re thinking of buying a home, and you’ve been trying to time the market hoping that rates will drop another 1/8 point, it’s probably not worth the risk.

If you’re asking ‘what caused rates to jump up,’ you should check out this great little summary over on the BloodhoundBlog, so take a look

While you're here, don't miss these posts:

1. Mortgage Rates Reach 7-Month High – Are You Gambling With Your Buying Power? About 2 months ago, we started warning our clients that rates were at an all-time low and wouldn’t stay that way much longer. From that...
2. Ever Wonder How Mortgage Interest Rates are Set? Kenneth Wohl of SpiritBank recently put together this explanation, and I thought it’d be useful to you, my clients, so with his permission, here it is.  Hopefully...
3. Government Takeover? What the…? Sounds scary doesn’t it?  For me, the words ‘Government Takeover’ quickly conjur up images of dictators and loss of liberties.  Let’s shed some light on this...