Interest rates have been at all time lows for months now. That may be over as rates up-tick across the board. One of the realities of this market is that interest rates and prices will not hit a bottom all at the same time. An interest rate change from 4% to 5% is not 1%, it's a 20% increase in payment. A buyer should bear in mind, with the huge run down of prices, interest rates can cancel a 10% price reduction. We are in the bottom range right now if financing is involved in your next purchase.
Read the entire story from DSNews.com
http://www.dsnews.com/articles/mortgage-interest-rates-on-move-againupward-2010-12-02
