Here’s How Much Rising Interest Rates Would Raise Mortgage Payments
Consumer Affairs, Jan. 27, 2017–Mark Huffman
Interest rates are on the rise. In the latest report from the Mortgage Bankers’ Association, the average rate for a 30-year fixed-rate mortgage rose slightly in mid-February to 4.36%. For many people that seems high, since rates have bounced between 3.5% and 4.0% over the last few years.
