Thirty year mortgage rates have hit a six month high of 5.09% in response to an increase in treasury yields. This is a dramatic turnaround from where rates were only one month ago at 4.17%. This is sobering news for the housing market where despite the low interest rates buyer demand has been low since tax credits expired last April. This is particularly difficult in areas where the market is still greatly suffering such as the central valley. For more information regarding local central valley housing trends if you have any further questions about central valley real estate or investment opportunities feel free to call Pat Holkesvig & Your Home Team at 209.471.6516 or complete our Contact Us form.