Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.72 percent, up from 4.71 percent at this same time last week.

The 30-year fixed mortgage rate declined over the weekend, falling to 4.67 percent on Saturday, before climbing to the current rate.

Additionally, the 15-year fixed mortgage rate on Tuesday morning was 3.98 percent and for 5/1 ARMs, the rate was 3.29 percent.

Many prognosticators say mortgage rates will continue to rise this year. Take advantage of this summer sales season to buy your dream home in Taos or Angel Fire. We're here to help you find your dream home here in the Land of Enchantment!