Mortgage Rates are Rising

As the sayings go...

All good things must come to an end.

or...

Nothing good lasts forever.

The same appears to be true for the historically low mortgage rates we've seen in the past couple years.  Mortgage rates for a 30-year fixed loan jumped to 3.85% last week, the highest since it was 3.91% back in August 2012.  The last time rates were above 5% was back in 2011. 

If you're waiting to list your home or waiting to sell your current home to try to cash in on a higher offer before you buy your new home, you just may be paying out on the buying end if rates continue to climb.

At Pickett Property Group, we are committed to helping you make the right real estate decisions for your needs.  If you're thinking of buying or selling, visit Pickett Property Group for more information.