Mortgage Rate Hit 2 Year High And It Is A Good Thing

Posted: Jul 12 2013, 1:12am CDT | by , in News | Other Stuff

Mortgage Rate Hit 2 Year High and it is a Good Thing
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The Mortgage rates hit a new 2-year high, which is actually 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.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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




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