In recent weeks interest rates have slowly crept up to just under 4%. An article in The Tennessean by Julie Schmit discussed how we had most likely seen the lowest they were going to go when they hit 3.5%, but was doubtful they would go much above 4%. A rebounding economy naturally leads to increased interest rates, but according to economists they are by no means headed for a rapid increase. These are key facts for home buyers to know. It is important not to sit around waiting for them to go back down!
Read the full article on the Tennessean’s website