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Many of us have witnessed the rise and fall of home prices we also experienced record low interest rates over the past 7 month's. We saw rates dip down into the mid to high 4% range from Feb- April, allowing many to refinance at much lower rates, also purchasers were able to take advantage of homes 40-60% off the value in some areas. Rates over the past several weeks have climbed back into the mid to high 5% range (which is still a great rate) but why does the interest rate change so drastically? The interest rates are driven for the same reason housing … (0 comments)
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