cleveland: Interest Rates Climbing, Weekly Mortgage Update
- 06/16/09 02:19 AM
What a two weeks it has been! We have basically seen 30 year mortgage rates jump 1% in a short two week period. In my world that is a tough two weeks! There are many opinions as to why rates have increased..... the recent economic data has shown some small signs of improvement concern about inflation due to the substantial amount of debt the U.S government has issued / continues to issue and lastly, the big concern which is not heavily publicized....foreign investment or the lack there of. Did you realize that foreign investors, namely China and Japan purchase up to … (2 comments)
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What a two weeks it has been! We have basically seen 30 year mortgage rates jump 1% in a short two week period. In my world that is a tough two weeks! There are many opinions as to why rates have increased.....
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