Home Interest Rates Up Fifth Week In A Row!
2007 June 11
For the fifth week in a row rates ended worse than they began, and Thursday brought the largest single-day worsening in bonds and home loan rates seen in three years. When it all ended, rates jumped up .25% before the smoke cleared. So what caused this dramatic increase, and more importantly will we see a repeat this week? [tags]interest rates, mortgage rates, home loan rates, home interest rate[/tags] San Diego downtown condominiums
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Higher interest rates are just another factor pushing home values down.
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The drop in San Diego real estate will only speed up with higher interest rates. NJ attorneys
Defaults in subprime mortgages have led some lenders to adopt stricter standards in approving loans, imposing more discipline on borrowers and the lending industry alike. But the biggest shift in mortgage trends has come from consumers themselves, who have been fleeing to the relative safety of fixed-rate loans over the last 15 months. condominiums downtown San Diego