Mortgage rates up...house market in for more trouble

For the fourth week in a row mortgage rates have increased and many real estate professionals fear the fragile market will only hit more trouble. The rise in mortgage rates have already seen a lowered interest in homeowners refinancing and many fear that it will keep potential home buyers on the sidelines. With less buyers in the market many fear that it could ruin the stability in the residential real-estate market as the cost of overall cost of homeowner ships raises and it will force houses prices to lower to compensate.