Home > Dominion's Blog > Mortgage Rates – Why Are They Moving Up?

Mortgage Rates – Why Are They Moving Up?

It is not time to panic if you have already refinanced your home or commercial property.  If you haven’t, it may be time to locate the oxygen mask above your seat.

In a Freddie Mac press release this week a spokesperson blamed the upturn on the Feds changing policy on buying bonds.  The lack of government support may require the bond rates to move even higher to attack buyers.

If you’re a home buyer expect to pay higher rates in the months to come.

If you are looking to finance a commercial or multi-family loan, anticipate less of a loan.  This is the consequence of high rates against debt to income ratios.

 

Contact:

Paul Horvitz

Dominion Mortgage Corporation

paul@dominfin.com

www.dominfin.com

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Categories: Dominion's Blog
  1. Dan Rightmann
    June 4, 2013 at 11:20 pm

    Good infromation, thanks !

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