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Average Mortgage Rate Rises to 3.51 Percent

The average rate for 30 year fixed mortgages in the US has risen, according to a recent Kansas City Star article that revealed that the rise still has rates near their historic lows, with a slight rise to 3.51 from 3.42 earlier this month. The lowest mortgage lending rate on record since 1971 was in November 2012 at 3.31 percent. The Leawood movers have found that the 15 year loan also rose slightly in interest from 2.61 percent to 2.69 percent.

The Kansas City movers have found the slow and consistent rises in interest may continue to grow, which would jeopardize the stable growth of real estate markets nationwide. Low mortgage rates have certainly contributed to the growth and rebuilding of the national real estate market and the numbers have consistently shown high sales as well as increased activity for new construction.

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