Mortgage rates typically rise faster than they fall ... and they are on the rise this week! Rates surged higher at their quickest pace since late January this past Wednesday. The rates have been going up and down slightly the past couple of weeks but they are still at all-time lows. A lot of Mortgage Lenders tie their rates directly to the MBS (mortgage backed securities) that most directly affect interest rates resulting in more agressively priced rate sheets. Lenders whoose pricing is tied more directly to MBS levels will generally be at a higher rate. Buyers should take advanatage of the rates before the continue to rise - the lower the interest rate = the higher your buying power!