Mortgage Interest Rates Higher in the Second Half and Through Next Year

NAR Chief Economists sees 5.5% to 6% by the end of next year. National debt and inflation are the root causes.

Palm Coast, FL – July 12, 2011 – National Association of Realtors® chief economist, Lawrence Yun sees mortgage rates headed higher. Government buying to cover the budget deficit and inflation are the principal drivers in the anticipated rise. Those who can borrow now at 5% or below are getting a great bargain.



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