The anticipated increase in mortgage interest rates occurred during the week ending August 13. According to the weekly Primary Mortgage Market Survey released by Freddie Mac, fixed mortgage rates ticked up for the first time in four weeks.
Today’s market has been described numerous times as one where the buyer demand is outpacing the seller supply. Sounds great, but this type of real estate scenario does come with it’s own set of problems for both agent and client. One of these problemsread more