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Mortgage Rates Up Since Election, But Still Low... Relatively Speaking

Mortgage_Rates_Up_Since_Election_But_Still_Low

The average interest on a 30-year fixed-rate loan bumped up to 4.03 percent last week, the highest since July 2015, according to mortgage giant Freddie Mac.

So far, local Realtors and mortgage brokers say, rising rates have caused a few worried inquiries from potential home buyers, and may have knocked some homeowners out of contention to refinance loans.

But rising rates likely won't hurt a market distinguished by a dearth of homes for sale.

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