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.
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.