Bad news for home borrowers and the real estate industry. Mortgage rates have gone up significantly this summer.
On Friday June 15, a home buyer was quoted between 6.75% and 7.00% with 0 points for a 30 year fixed conforming mortgage depending on the broker or lender he or she was talking to. A jumbo 30 year fixed mortgage was between 7.00% and 7.25% with 0 points. Adjustable rate mortgages were pretty much in the same range.
So what does this mean? Read More
Comments(0)