There was a good article over at the Boston Herald recently noting that mortgage rates have been moving back up over the last few weeks. There is a decent chance that the botton has passed us already. So if you are thinking about a refinance contact us now before the rates go even further up.
Here are some excerpts from that piece:
Procrastinators beware: Mortgage rates are beginning to rebound from record lows as the U.S. economy shows more and more signs of stabilizing.
“Rates are still low, but they’ve moved up from the super-low point they hit a few weeks back,” said Greg McBride of market-tracker Bankrate.com. …
Rates began moving upward Thursday after federal officials reported a drop in initial jobless claims and announced that most big U.S. banks had passed new government stress tests.