Mortgage Rates on the Way Back Up

Saving your home may mean refinancing it to get cash out. Mortgage rates are slightly increasing and may increase even more. The article below shows how interest rates are rising slowly. This is critical to understanding how you can still sell your house quickly despite interest rates rising. Sign up for my free e-course and learn how "Owner Financing" will push your listing to the top of all Buyers' list.

Freddie Mac reported that 30-year, fixed-rate mortgages rose to 6.3 percent this week from 6.28 percent last week. Last week had been the first decline in rates since early December.
Rates on 15-year, fixed-rate mortgages edged up to 6.03 percent from 6.02 percent. Five-year, adjustable-rate mortgages rose to 6.01 percent from 5.99 percent. One-year ARMs rose to 5.52 percent from 5.49 percent.

The mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried a nationwide average fee of 0.4 point. Five-year mortgages carried an average fee of 0.5 point, while one-year mortgages carried a fee of 0.6 point.

If you would like to receive an instant offer on your house, go to www.SDHomeSaver.com or email me directly at SDHomeSaver@gmail.com. Remember, I don't list homes, I buy them. I work hard to understand your unique situation and create an offer that meets your needs, and solves your situation. If you would like to understand more of your options on how best to sell your home, sign up for my free e-course. It offers excellent advice on how to pick the best realtor, sell your house as a FSBO, or how best to work with an investor to sell your house. Best of luck and I look forward to hearing from you.