More on WHY NOW IS THE TIME TO BUY OR REFI!!!!

More news coming out today points to the fact that, indeed now is the time to think about pulling the trigger if you are considering purchasing or refinancing a home.
Freddie Mac released an article, MORTGAGE RATES CLIMB IN RESPONSE TO RECENT RISE IN BOND YIELDS, reminding us that we are now seeing rates that have not been this high since December 11, 2008. As long as treasury yields remain high, there will continue to be an upward pressure on interest rates.
In a related article written by Brian Louis on Bloomberg.com, US Mortgage rates Jump to Highest Since December, he states, "This week’s rate increase translates into an additional $31.79 a month for a buyer purchasing the median-priced U.S. home of $170,200 with a 20 percent down payment."
More great information is contained in my Monday, June 1st post, NOW is the Time to Buy.
Also if you missed the webinar this morning which discussed this very topic, you can sign on to http://www.mysoi.com/ tomorrow and listen to the archived version.
So unless you are an ALL CASH buyer, call your mortgage professional today to determine how the current rate trending is impacting your purchasing power.