Mortgage Rates See Slight Increase

Mortgage rates increased this week with the 15-year fixed-rate mortgage rising .02%, Averaging 3.35%, and the 30-year fixed-rate mortgage increasing .05%, Averaging 4.33%. According to many experts, mortgage rates are expected to continue rising this year as the economy gains strength. Home prices and sales are expected to increase by approximately 5% over the coming months. Additionally, Home construction and homebuilder confidence fell this month due to severe winter weather that covered a large part of the U.S. More here

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