Saturday, June 8, 2013
I’m gonna tell ya how it’s gonna be
"Rob Braunstein said his search for a three-bedroom home on a quiet street in Needham, Massachusetts, is taking on more urgency as he watches US mortgage rates tick higher. Every increase, he worries, shrinks his budget by boosting monthly payments, he said. The average rate for a 30-year fixed mortgage has risen for each of the past five weeks and is at the highest level in more than a year, according to government mortgage-buyer Freddie Mac".