This is something we’ve known was going to happen for months. Mortgage rates couldn’t stay in the historical cellar forever. They had to rise eventually.
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Home financing trends show homeowners are choosing shorter loan terms to maximize equity. Learn how a smart refinance can help you build equity and reduce total interest.
The 5-week run of rising mortgage rates is fueling speculation that 4-ish 30-year mortgage rates will soon be a thing of the past – and that the new normal for 2011 will see 30-year rates hover in the 5.0% range.
Bloomberg.com is reporting that the Fed is feeding the US financial systems with more than $150 billion in cash to ensure the economy does not fall into a recession.