I do like to keep tabs on the market and the industry, that way when people ask my opinion on what the market is doing I am well informed. Today I read this news -

Marketwatch has this to say:

Mortgage applications fell a seasonally adjusted 1.8% last week, compared with the week before, as mortgage rates rose, the Mortgage Bankers Association reported Wednesday.

This week-to-week drop follows a 16.4% week-to-week gain for the week ended Oct. 2. Rates on 30-year fixed-rate mortgages averaged 5.02% last week, up from 4.89% the previous week. The average rate on 15-year fixed-rate mortgages was 4.44%, up from 4.32%.

With prices for real estate rising in certain parts of the country, now really is the last best chance to buy.

P.