According to Freddie Mac, the 30-year fixed-rate mortgage has risen above 4% for the first time since October. Last year, the rate was averaging 4.81%; right now it is at 4.08%. The rates are thought to be rising as a sign of economic growth. It was the Federal Reserve that helped to push the rates down to record-low levels in the recent past.
U.S. Treasury bond yields have been increasing lately. However, consumers have been able to reduce their debt burdens quite a bit overall. The economy is finally beginning to stabilize.
Friday, March 23, 2012
Mortgage Rates Rise Above 4%
1 comments:
Not only are mortgages easily available to everyone, there are also several providers who make it possible to compare costs, the amounts available and the amount that you will pay back in time. With all this becoming as convenient as it is today, there is little wonder that people have few inhibitions when it comes to opting for mortgage loans. Equity loans
Post a Comment