October 3rd, 2008
Mortgage Rates
Just as we rejoiced the rapid drop in interest rates a few weeks ago, and I said it was time to refinance or lock in that loan rate, we now see that mortgage rates have climbed to the highest rates in a month. All the turmoil that occurred recently has really caused rates to fluctuate wildly.
This isn’t to say that rates are bad, because historically they are very good, but with all that is going on, you should keep a close eye on rates when purchasing or refinancing as these kind of fluctuations can cost or save you a couple of hundred dollars.
Posted by scott on October 3rd, 2008 in Feedblitz, Lending |