Saturday, July 09, 2005

Interest rates rise

Bankrate.com reports that mortgage interest rates went up for the week ending 7/7. "The benchmark 30-year fixed-rate mortgage rose 9 basis points to 5.7 percent..."

This comes on the heels of the short-term interest rate hike by the Fed. Is this the start of the up-swing in interest rates? We will see!

To read more about interest rates, go here.

No comments: