According to Freddie Mac, mortgage rates remain low when compared to rates in the past. In the 1980’s mortgage rates averaged around 10%. Rates now are hovering around 4.30%. Trulia took a survey in an attempt to find what the main worry was for Americans looking to buy a home. 41% of participants said their number-one fear is that mortgage rates would continue to increase before they could buy while 37% said they were scared of rising home prices. Additionally, the survey found that 36% of consumers are worried that they would not be able to find a home for sale that they would be interested in buying. All together, experts say that rising mortgage rates are not likely to negatively effect a large amount of home buyers. More here
