Rising loan rates last week might have made many home owners a bit nervous. Both prospective new home buyers and adjustable rate loan holders. Yet with 6% rates at historic lows compared to the 1980's, and close spreads between fixed and adjustable loan rates, it's a good time to take a deep breath and study your home loan situation. Are you staying in your home for a long time? Are you close to your teaser rate or adjustable rate expiring? These are a few questions asked by Sandra Block of USA Today.
Read full article: Rising mortgage rates: What's a buyer to do?
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