Rent or Buy? Mortagage Rate Drift Down to 5.76%

Rent or Buy? Mortagage Rate Drift Down to 5.76%

Maxwell Ryan
Sep 21, 2004

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.

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

- All Real Estate
- Should the City's Streetlights Be All the Same or Different? (NYTimes)
- Rate Hikes Expected Tomorrow (NYPost via Real Deal)
- Mold Panic subsides at 515 Park (NYMag via Real Deal)
- Sellers Cash Out and Live Their Dreams (NYPost)
- Yound Actress Passes Board (NYPost)
- The Benefits of Living Above the Store (NYTimes)
- Climbing the Ladder, One Rung at a Time (NYTimes)

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