Over the last 17 days, interest rates have risen.

The reasons are twofold;  First, investors are nervous that the Fed may soon start tapering their bond purchase program, and we’re watching investors sell mortgage backed securities in anticipation of higher rates down the road.  Secondly, the “inverse flight to quality” has existed, as money has flown out of “low risk” U.S. debt (HA!) and into “riskier” assets such as stocks, etc.

Rates on a conventional conforming 30 year fixed loan are around 3.75%, up from 3.5% a week ago.  So, be watchful and make your moves wisely!