Selling Charlottesville real estate in Central Virginia since 1927

Interest Rate on the Rise

April 28, 2010

there are many signs that say the economy is in some stage of recovery.  what should be seen as good news, could be a negative for those who are looking to buy a home or refinance their existing property.  why? will, often times when the economy improves, interest rates go up.  that, along with the goverment no longer subsidizing mortgage backed securities, means we can expect to see higher interest rates.  read more by clicking on the following link http://realestate.aol.com/article/refinance/_a/mortgage-rates-on-the-move-time-to-refinance/201004280001?icid=main|main|dl4|link3|http%3A%2F%2Frealestate.aol.com%2Farticle%2Frefinance%2F_a%2Fmortgage-rates-on-the-move-time-to-refinance%2F201004280001