Interest Rates Reach 6 Month High

Interest rates climbed last week to their 6 month high*. However, rates are still in the 4% range, which is still very low. During these rising rates you tend to have two different types of people. One set of people say 4.5% that is low! I remember when rates were 13% or I have borrowed money many times for much more than that. Then you have people who are like 4.5%! I was thinking I could get a loan for 3%. I have seen articles on the internet with the debate will this hurt or help the housing market. Some people are hoping it may help buyers make a move, ones that have been waiting, may find more urgency since interest rates are starting rise. It will be interesting to see how this will affect the housing market this month. Although it may be hard to tell how much interest rates affected the market compared to the holidays and snow.

*Source