[Geewiz]

Banks adjust rates due to a number of factors: the cost of the money they borrow from the Fed (almost free), the money they make from investments - for the past few weeks good if you're in stocks, but very iffy given the Washington mess, and demand. Demand in the Villages is high. As boomer are able to sell their homes up north and for snowbirds as the economy slowly improves...this has become hot property. Some sell in just a few days if they are priced right. We live in an economy governed by supply and demand...demand is high here and will likely grow. That is reflected in the higher mortgage rates. Think of it this way....if the economy really turns around inflation will increase and anything under 4% will be free money.