Thursday, March 25, 2010

Interest rates poised to rise

Interesting article on the impending rise of interest rates

NEW YORK (CNNMoney.com) -- There's still time to get a 5% mortgage -- but
the window is closing.
On April 1, the government will stop buying
mortgage-related debt, which will send interest rates slowly higher...

While no one knows how much rates will rise, or if they will rise at all, we do seem to have a consesus that interest rates will not be going down. If you have a rate of 5.5% or greater, now is the time to act.

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