Good News, Bad News on Interest Rates

Back to 5%?

The good news on mortgage interest rates?

After a steep climb the last two months or so, to around 5.5% on 30-year mortgages, they’ve now fallen back closer to 5%.

The bad news?

The reason is that the latest batch of economic news — unemployment, economic activity, the housing market — shows continued weakness.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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