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

703-798-8034

 

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