30 Year Fixed 5.75% 5.62%
15 Year Fixed 5.27% 5.09%
The mortgage rates listed in Yahoo today present the bare bones of the problem. After the Federal Reserve rescuing Bear Stearns and many other financial entities through lower interest rates, the rate for mortgages for 15 and 30 year loans has gone up.
When new home buyers can purchase homes at affordable prices at affordable rates under traditional lending formulas, then the current economic situation will change. Looks to me like the situation is getting worse rather than better.
The Evansville Observer Archive: The unofficial history of Evansville, Wisconsin from 2005-2013: Thousands of Video and Audio and Articles; Free: To Search scroll to the Search this Blog line and enter name of person, topic, or issue. Then scroll up to see all articles. Or use Google Search by topic. Enjoy.
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