You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Mortgage rates edge up, spurring push to refinance

Signals that rates, long near rock bottom, are poised to rise are creating an urgency for homeowners and businesses to hurry up and refinance

Is the era of super-low interest rates coming to an end?

Long-term rates, including those for mortgage loans, have jumped more than half a percentage point since the beginning of May and the prospect that they may only go higher is driving both consumers and businesses to borrow while interest costs remain near rock bottom. Local bankers and mortgage brokers say homeowners who have dawdled over refinancing have gained a sense of urgency as mortgage rates have climbed to the highest level in more than a year.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week