Press Releases from The Home Mortgage Guide (1 total)
Monthly Mortgage Payment To Double For Some Homeowners
Interest rates are on the rise and homeowners who have adjustable rate mortgages could see large increases in their forthcoming adjustments.
The Federal Reserve Board made it clear in 2005 that they would continue to be increasing short-term interest rates at a “measured pace.” The Fed Funds Rate was hiked several times from 1.0% to 4.25% since June 2004 in an effort to curb inflation. Some economists believe it won't…
