The Party is Over for the Lowest Mortgage Interest Rates

If anybody is in the middle of the mortgage process now, either refinancing or purchasing a home, you are probably aware that the mortgage rates have increased dramatically (i.e. .25-.5%) since mid-April. If you are not aware, then you certainly are not working with me or anybody else who is watching out for your best interests. For everybody else, you will know soon since the newspapers are very good at writing stories about interest rates (either up or down) when it is already "Old News." The "new normal" is likely going to be interest rates in the low to mid 4s for the short term and probably upper 4s by the end of the ...