Talk of The Villages Florida - View Single Post - Perils of new home buying
View Single Post
 
Old 12-13-2010, 08:51 PM
Russ_Boston's Avatar
Russ_Boston Russ_Boston is offline
Sage
Join Date: Jul 2007
Location: Buttonwood
Posts: 4,841
Thanks: 0
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by TednRobin View Post
Interest rates have jumped up the past two weeks.

True! We locked at 4.6 just a couple of weeks ago. Now at 5%.

Even www.bankrate.com has the current overnight rate nationally at 4.9%.

Who knows where it is headed but this will not let house prices rise if it continues.