Spring Homebuyers Finding Stable Mortgage Rates

Despite predictions of fast-rising mortgage rates this spring, home buyers as well as existing homeowners who refinanced have enjoyed relatively low and stable borrowing costs so far. The rate environment is still subject to change in the short term, economists warn — which may explain why prospective buyers are acting quickly. Another reason for the urgency could be home appreciation, as many house-hunters hope to lock in low interest mortgage interest before rates begin to escalate. | Read More