The Carvajal Group Blog

Thirty-year fixed mortgage rates increase

December 16th, 2009

Home loan rates increased in the past month. According to industry reports, the 30-year fixed mortgage climbed to 4.72 points.

The increase in mortgage rates indicates that the demand in the real estate market may be improving. However, it also may be a sign that some banks are tightening their credit in the hopes of avoiding risky borrowers.

If you are looking for information about Austin real estate, contact the Austin homes of the Carvajal Group at 512-419-7770.

Tags: Austin Real Estate · Austin Real Estate Agent