Katrina Gutierrez updated
This week mortgage rates have moved in different directions, with some rates increasing and others decreasing. According to Freddie Mac, adjustable mortgage rates decreased slightly this week while fixed mortgage rates increased above the level we saw last week.
Higher mortgage rates as well as increased prices for homes that we have seen during the past few months have definitely discouraged some people from applying for a mortgage and purchasing a home. However, during October 2013, the level of building permits reached its highest peak in over 5 years.