Mortgage rates spike

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/