Mortgage rates continued to rise over the past week, raising the cost of borrowing to its highest level since The end of December 2008. Volatility is expected to continue while the debate over the economic stimulus plan continues.
The average 30-year fixed mortgage loan rate rose to 5.70% from 5.48% for the week ended Feb. 4, according to Bankrate.com.
To read the entire article, please visit: http://money.cnn.com/2009/02/05/real_estate/mortgage_rates/index.htm?postversion=2009020513
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