Mortgage interest rates have jumped over the past two months from levels that now look like once-in-a-lifetime lows.
The spike hasn’t choked off the housing recovery, but it has left plenty of would-be homebuyers, already with a wary eye on rising prices, on edge.
“We almost panicked that prices have gone up so much since November,” said Riannon Bradshaw, who with her husband, Rob, has been looking for a larger home for their Queen Creek family of five. “With interest rates going up, too, it has created a sense of urgency.”
Mortgage rates have bumped up by more than a percentage point in the past two months, with 30-year rates now around 4.6 percent or so.
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