Mortgage Rate Hit 2 Year High and it is a Good Thing
The Mortgage rates for a 30-year, fixed-rate loan reached 4.51% this week, which marks the highest level it has been since July 2011. 15-year loans are now at 3.53%. If you are in the market for a new home this should not worry you. According to Forbes this rate hike is actually a good thing as it shows the economy is recovering. The rate hike is also quite small and the Mortgage rates are still at a record low overall.
So you still can continue the dream of owning your own home with a secret gadget ridden man-cave.
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
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