Slight increase in interest rates doesn't slow buyers - 2003-09-29
Mortgage interest rates have begun to move up from rock-bottom levels, but new home sales remain vigorous in Manatee and Sarasota counties.
Rates dropped to about 5.3 percent for a 30-year, fixed-rate mortgage in June. The average rate now for the same loan is up to about 6.2 percent.
But the rates creeping higher might be driving buyers to new-home communities to snap up deals.
Read the full story at Business Journal of Tampa Bay