Sunday, July 31, 2005

Interest rates up for the fourth straight week

That's right! The 30 year fixed rate loan is up to 5.84%. A sign of the times? Should you panic?

Hold on here. Bankrate.com reports that "Still, rates on 30-year mortgages are about three-eighths of a percentage point lower now than they were a year ago."

And, they are still below 6%!

To read more, go here.

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