Mortgage rates inched up last week as investors seemed to regain some confidence in the global economy and flocked to the stock market. Normally, mortgage rates tend to rise when the stock market rebounds.
Typically, December is a good month for stocks, so rates may bump up very slightly for the month. Despite the slight increase, rates remain near record lows. And those who have not locked a low interest rate yet don't need to panic. Many mortgage experts say rates are expected to remain low well into 2012, even though they may fluctuate this month.
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