According to Bankrate.com Mortgage rates rose to 5.56% for a 30-year fixed. That is up from last weeks 5.36%. These rates are still crazy low. Before this recession, people would kill for rates like this. What are you gonna do? Sit around and wait for them to drop back into the 4's? Who knows if that will even happen and even if it does, by then the house you really wanted to buy may be gone??? It is a tax deduction anyway. If you can get a crazy deal on a house right now, it may more than make up for the rate increase from last week in the long run. Plus, you now have the house you wanted.

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Profeshenal spellar