BUSINESS BRIEF

Rising mortgage rates 
a concern for buyers

7/17/2013

In the current housing market, prices are high, the supply of homes is low, and credit is tight. But the number one concern for potential homebuyers is rising mortgage rates, according to a recent online survey by real estate research firm Trulia.com.

More than 40 percent of people who planned to buy a home said they were worried about rising rates, followed by rising home prices and low inventory.

The 30-year fixed rate touched 4.5 percent last week, according to data from Freddie Mac.