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General News 4/11/2010 at 6:52 PM EDT

Interest Rates Have Nowhere to Go but Up

Quicklink Submitted By Sheila Samples No comments

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The impact of higher rates is likely to be felt first in the housing market, which has only recently begun to rebound from a deep slump. The rate for a 30-year fixed rate mortgage has risen half a point since December, hitting 5.31 last week, the highest level since last summer.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Consumer Affairs Credit Card Interest; Markets; Mortgage Crisis; Treasury Federal Reserve Interest Rates, Add Tags

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