Monday, February 06, 2006

What You Can Do to Deal With Rising Mortgage Rates



What You Can Do to Deal
With Rising Mortgage Rates

By Terri Cullen
From The Wall Street Journal Online

Editor's Note: Some links may require subscription or registration.

The Federal Reserve on Tuesday boosted the federal-funds rate -- the interest rates banks charge each other for overnight loans -- to 4.50% from 4.25%. Fed rate changes directly impact most consumer loan rates: Rates on adjustable-rate mortgages and home-equity lines of credit tend to move within one to three months after the Fed changes rates, so homeowners can expect to pay higher finances charges.

-- February 06, 2006

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