Arizona Mortgage Rates for October 15, 2008
Rates have moved up significantly in the last week.
As we have mentioned before, trying to predict interest rates is tricky and we prefer not to try to be “rate predictors”. The only advice that we can give during this period of uncertainty in the markets is that if you are currently in the process of applying for a mortgage loan, lock as quickly as you can in the process.
After all — when talking about interest rates, one of three things can happen: