Mortgage Rates Are Rising
Mortgage rates fell and now there rising again. For those people with adjustable rates, this is a very bad time. Especially around the time of Christmas when you may already be spending hundreds on gifts and donations.
Rising interest rates might be great news for your savings accounts, but they’re not such great news for anyone whose mortgage rates adjust with the rising tide. In fact, adjustable-rate mortgages appear to be putting a financial strain on some homeowners.
December 15, 2006 | Filed Under Mortgage Updates