Rent or Buy? Mortagage Rate Drift Down to 5.76%

(placeholder)
(Image credit: Apartment Therapy)

Buy AND Sell. The Fed is still talking about raising short term rates tomorrow, and long term rates are hanging in low, supporting a mini boomlet in home purchases and refinancing. As Holden Lewis of Bankrate puts it:

That and other economic reports paint a picture of an economy that is growing, but not rapidly. Meanwhile, the Federal Reserve makes it clear that it will continue to raise short-term interest rates, keeping future inflation in check. That holds down long-term interest rates.

(placeholder)
(Image credit: Apartment Therapy)

While money is tight and interest rates are down, it is a good time to think about purchasing and refinancing if you haven’t already. If you are unfamiliar with the math of it all, you could do no better than to read two articles in Fortune’s last issue: Is The Housing Boom Over? and Making The Most of Your Mortgage. MGR

Loading...
Loading...