Real Estate Investing Realistically

Mortgage rates climbed again this week. The average 30-year fixed-rate mortgage is now 6.31 percent, up from 6.15 percent last week.

1-Year Adjustable Rate Mortgages jumped up even quick, from 4.91 percent last week to 5.09 percent this week. It seems that ARM rates are climbing faster than fixed-rate mortgages. This is making ARMs less desirable than they were before.

See articles at CNNMoney and Bankrate.com.

This entry was posted on Friday, November 4th, 2005 at 2:17 am and is filed under Real Estate Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.