Rates have edged up over the last week. Ironically, incoming Fed Chairperson, Janet Yellen, has been making comments about keeping rates low (and not tapering). Her comments have been bolstering the stock market, however, and moving money from bonds to stocks. This has the unintended consequence of pushing interest rates higher, as the demand for bonds diminishes.
If you have been on the fence thinking about buying or selling, now may be the time before the spring selling cycle goes into full bloom. Cyclically the holidays are a slower period of time and we traditionally don’t see much activity until after Superbowl Sunday. As a seller, if you don’t want to your home to be vying for the buyers attention because 3 more in your neighborhood go on the market the same week as you or as a buyer don’t want a higher interest rate then now thru January is a great time.