2013-08-07reuters.com

``The Fed is currently buying $85 billion in bonds a month to keep borrowing costs low. The cheap mortgage rates have helped spur home buying and worries have emerged that higher costs could take some of the strength out of the housing market's recovery.

Fixed 30-year mortgage rates rose again last week to average 4.61 percent, up 3 basis points from the week before. Rates have risen more than 1 percentage point since early May, but still remain low by historical standards.''



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