Many young couples are having a tough time finding a home in the current housing market. Today's news says 30-year mortgage rates are at a four-year high, averaging 6.66 percent. The article also says 15-year mortgages are slightly down while adjustable-rate mortgages are slightly up from a week ago. The experts believe the rising mortgage rates is an indicator of a cooling housing market. This is good news for those looking. On the flip side, something scary to think about is since housing prices are cooling, if you get in now, you might find yourself upside down on your loan if the bubble does burst.
Check back on the website in the near future when we begin posting full stories for more information. This subject is hotter than August heat.
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