Why Do Mortgage Interest Rates Rise?

Mortgage rates inched up slightly last week which means the cost of buying a Huntsville AL home is going up. What's behind the rise in mortgage interest rates? Is now still a good time to buy? Here's an interesting video explaining a little bit about why mortgage rates are rising. There's also a little bit in here about how "staying on the fence" could lead to a higher monthly payment. That said, interest rates are still historically low and it's a great time to buy. Wondering if now is the time for your to buy a Huntsville AL home? Give us a call! We’ll help lay out your options so you can make an informed decision. Feel free to forward this to a friend who might be interested. Information compliments of Huntsville Alabama Real Estate Broker, Mike Manosky.

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