Virginia Beach real estate interest rates inched up this past week.

Freddie Mac’s weekly Primary Mortgage Market Survey® revealed Virginia Beach interest rates inched up this past week. The 30-year fixed-rate mortgage (FRM) averaged 6.04 percent for the week ending February 21, 2008. This is up from last week when it averaged 5.72 percent. Last year at this time, the 30-year FRM averaged 6.22 percent.

Wondering how this increase affects your home buying power? Give us a call at 866-222-0158 #550 or visit our website, ButlerTeamHomes.com. Search all Virginia Beach homes for sale.