Interest Rates

Did you know that long-term mortgage interest rates continued to go higher Tuesday. The 30-year fixed-rate average rose to 5.9 percent, and the 15-year fixed rate gained to 5.27 percent. The 1-year adjustable rate jumped to 4.56 percent. If you wait for prices to drop on housing to buy, you will miss the boat.

Buying houses

Now is the time to buy - do not wait for prices to drop as interest rates rise.