Interest Rates Ticking Up
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The interest rates have been inching up the last month and are currently near 6 3/8% on a 30 year fixed. The industry is expecting for rates to creep up to 6 3/4% by the end of 2006. Historically that is still an excellent rate but it will put a little cool on the market this year. We’re expecting near-record homes sales again this year, but homes will take longer to sell than they have in past years.
Posted by Aaron Dickinson - Edina Realty on 03-06-2006 at 10:03 am
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February Market Update-June Market Update-March Market Update-Are we in for a warmup?-
