Mortgage rates increased on March 1st

Monday, February 29, 2016 - 20:00

Mortgage rates increased again. It's the second increase in less than three months. However, your mortgage rate will only increase on the anniversary date of your mortgage. If you already paid an increase in January or February it will not change until next year. If your anniversary date falls from March 1st then you will pay this latest increase. The average rate is now 6%.