Tagged : Interest Rates Buying home Homes houses Real Estate Listed

Mortgage rates are creeping higher. Why? The main reason for this is the fear of inflation. Inflation decreases the value of money. This means that interest rates need to be higher to counteract the lower future value of money. An underlying cause of higher interest rates is the decrease in unemployment claims. An increase in employment is a sign that the economy is recovering, this is good news for stocks. However, good news for stocks is usually bad news for MBS (mortgage backed securities). Even when considering that mortgage rates have risen nearly .5% in the past few weeks, they are still historically low.

Jeff Bass, Mortgage Banker

Jeff, how does this affect someone bottom line? 

Waiting is Wasting, the bottom line is that rates aren't getting…