Mortgage rates are showing no signs of going down. The  30-year fixed mortgage rate went up to 4.92 percent from 4.88 percent in the previous week, according to Bankrate.com’s latest survey of the nation’s largest mortgage lenders.

Higher rates didn’t seem to stop borrowers. Total mortgage applications climbed 2.9 percent from one week earlier, according to the Mortgage Bankers Association’s weekly survey ending Sept. 21.

So its simple short and sweet. Rates are still low even though they went up a little

I don’t want to bore you with details about the market, but if interested at the risk of boredom give me a call

 

Marcelo Parada

703-798-8034NBI sign

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.