Tuesday, April 04, 2006

Mortgage rates rise. Will it continue?

Bankrate.com reports at the end of last week, mortgage rates were on the upswing. With the Feds meeting next on May 10, Bankrate.com predicts that mortgage rates will increase again by that date.

"The benchmark 30-year fixed-rate mortgage rose 5 basis points to 6.44 percent ... One year ago, the mortgage index was 6.13 percent; four weeks ago, it was 6.27 percent."

Balancing the slowing real estate market, inflation and consumer confidence is truly a juggling act!

To read more: Bankrate.com March 29 interest rate survey

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