Mortgage interest rates at 4 year high!
This week's look at mortgage interest rates hold no surprise. Bankrate.com reports that "The benchmark 30-year fixed-rate mortgage rose 7 basis points to 6.51 percent...One year ago, the mortgage index was 6.02 percent; four weeks ago, it was 6.45 percent."
And, we've been finding that the gap between ARM and fixed rate loans is narrow.
To read more: Bankrate.com 4-5-06 interest rate survey