Mortgage interest rates are edging up again, as you may have heard.  The average 30 year fixed rate at the end of February was 4.4% -- up from 3.9% just three months prior. 

Could this (slight) rise in the cost of financing your home be affecting the pace at which buyers are signing contracts?  Possibly.

It seems that 14% more buyers signed contracts this January and February as compared to last year during the same timeframe.

This is a likely indicator that we'll see stronger months of closed sales in March and April. 

Then, the questions will be....

• Will the pace of contract activity keep increasing?
   
• Will mortgage interest rates keep increasing?

Let's hope for yes and no, in that order.