30 year fixed rate mortgages  averaged 4.1% last week which is down from 4.14% the week before. Last year at this time the rate was 3.59%.

Although rates are rising, the increases seem to be mild and sustainable.  The perception to borrowers though, could be a different matter. Those that are on the cusp of buying a home may be pushed over the edge with the fear of rising rates in the future.

Read the Original Article Here: Daily market update: April 10, 2017