Tapering Back Its News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rates in one week since april of 1987. last week, rates soared. rates on fixed loans rose to 4. 4.46%. 15 year fixed rate jumped to 3.5%. mortgage rates have been on the rise since late april. the average rate was 3.56 since early may, the highest since july 2011. let s do the math. a $200,000 home loan costs 1,008 a month in may. a monthly payment now is 1,008 from $881. why is this happening? the fed may start tapering back its compare stimulus. that stimulus has kept mortgage rates low. it can t last forever. that means you will pay more to borrow. don t get me wrong, rates still historically low but not nearly the deal you were getting a year ....

April Of 1987 , 54 46 , 3 5 , Mortgage Rates , Home Loan , July 2011 , 43 56 , Don T , Tapering Back Its , Me Wrong ,