Should I be concerned with rising home mortgage interest rates?

Given that 30-year fixed rate mortgage rates have risen for the third week in a row, and following all the latest discussion about whether or not the US taxpayer is going to have to help bail-out a fledging sub-prime mortgage sector, many Atlanta homeowners will no doubt be wondering this Easter break weekend whether or not they should now start to tighten-up the belt and reign in the spending.

According to a recent survey of the nation’s mortgage lenders by Bankrate.com on where home mortgage interest rates will be going in the coming 30-45 days, analysts are evenly split between there being some movement in Atlanta mortgage rates and things staying as the are.  Of those surveyed, 29 per cent of analysts thought home mortgage rates will go down.  21 per cent thought that home mortgage rates would rise.  And 50 per cent of analysts thought that there would be no change at all.  Although Bankrate.com’s national survey of large lenders surveys prime mortgage rates, with three-quarters of analysts polled indicating that it is unlikely Atlanta mortgage rates are going to increase in the next 30-45 days, homeowners may be able to feel a level of financial comfort as they tuck into their chocolate Easter eggs this weekend.