answersLogoWhite

0


Best Answer

The mortgage rates are rising because prime lending rates are rising. When money to lend is scarce, it becomes more expensive to borrow.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why are mortgage rates rising?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are current US mortgage interest rates rising or falling?

Rising. Email me for more info option1lending@gmail.com


Why might someone be interested in cheap mortgage protection?

Mortgage protection services are a great way to protect the mortgage taker from rising interest rates. Especially people with large mortgage loans might be interested in protection as the interest rates play large part of the payments.


Are mortgage rates trends on an upward or downward swing?

Right now, mortgage rates appear to be rising slightly. This can change on an almost daily basis however. The economy just will not support steep rises right now.


What are texas mortgage rates?

"Across the country, mortgage rates are falling


Is there a difference between jumbo mortgage rates and the rates of a conventional mortgage?

A jumbo mortgage is a loan larger than the conventional mortgage limits. The rates of jumbo mortgages is typically 0.25% to 0.5% higher than traditional mortgage rates.


Where can you compare mortgage rates?

There are a wide variety of different websites that can be used to compare mortgage rates, like ARM loans, they'll compare mortgage rates for you. You can also compare mortgage rates at a local bank.


What companies offer the best mortgage rates?

The companies that offer the best mortgage rates are companies such as Lending Tree. Good mortgage rates can also be located by visiting local financial institutions and comparing mortgage rates.


Where can I compare mortgage rates?

To compare mortgage you can go to websites that have mortgage calculators, you would just search mortgage calculator. With a mortgage calculator you can easily compare mortgage rates.


What are the current mortgage fixed rates?

The current mortgage fixed rates depend on which bank your mortgage is with and how long your mortgage is for. A Wells Fargo 30 year mortgage is 3.75%.


Where can you get a list of bank mortgage rates?

You can get a list of bank mortgage rates directly from the bank that you want to work with. You can also get the current mortgage rate from a realtor, but these rates will change periodically.


Are suntrust mortgage rates affordable?

Suntrust mortgage rates are very affordable in light of the rates offered by many banks!


What are inexpensive mortgage loans rates?

Today's mortgage rates are very low. A 30 year mortgage can be gotten for 3.3% interest. A 15 year mortgage is 2.75% AP. Just a few years ago, mortgage rates were 5 to 7 percent, so these rates are a true bargain.