What do you want of Mortgage Interest Rates Today ?.
The Federal retain Bank has raised interest rates more than 15 times over the past two years, and Realtors are feeling the pinch. Home sales have slumped all over the nation, and blame is being settled squarely on interest rates.
In June Ben Bernanke, Federal retain Chairman said that core prices had increased 2 percent. No one except the Fed seems to think that we are in any danger of runaway inflation. The greater fear is that higher interest rates will lead to loan foreclosures as beloved variable rate mortgages written in the past few years are repriced. Real estate agents and lenders are not the only ones affected by rising interest rates. Businesses that depend on borrowing will find their expenses climbing, which will lead to pay cuts, layoffs and pullbacks in operations if interest rates don't level out.
