Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Mortgage rates spike

Posted by: Jim Buchta under Debt, Buying Updated: November 18, 2010 - 1:56 PM

 

Did you get in under the wire on the lowest mortgage rates on record? Hope so. This week, according to several national surveys, mortgage rates spiked, but are still at unbelievable lows. Check out an analysis of the current rate environment from mortgage broker, Alex Stenback, who explains why rates are rising and what it means in terms of payment increases for a typical borrower. Check out his blog post at www.behindthemortgage.com/  

 

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