Local Cincinnati mortgage rates are rising while the rest of the nation’s rates are falling, according to Cincinnati.com. At the end of July the average rate for 30-year fixed loans was 4.54 percent nationally while in Cincinnati the average 30-year rate was 4.76 percent.

The article give no clear reason for the difference in rates, aside from the fact that rates change on a daily basis – even a hourly basis because of a number of market pressures and activities.  The most important thing in getting a loan is making sure that you have found a mortgage lender who you trust. I have listed a few lenders in my Cincinnati Mortgage Resources page if you are looking for brokers to contact.