The Feds Speak Again But Did They Say Something?

Once again the Feds spoke today but did not really give us a clue of what is in store for us regarding Mortgage rates. The reason is obvious, They along with everyone else can not see onto the future. They did mention that they MAY slow down on raising rates but it certainly appears there is one in store on May 10. Time will tell where Mortgage rates are heading. Rates have gone up as expected but are in a very low range even in the 7%'s. PLEASE READ OUR FORUM SECTION on "victims of a bad mortgage". You will not believe this experience. This is about a Mortgage that really went bad. It might be tough to top the this borrower's mess. If any borrowers have had a experience both good or bad future borrowers would enjoy hearing about it so please post it.. It just very well may help them to get a fair Mortgage Rate and Fees. Remember as we have said many times before if you have good credit ( check it at My Fico.Com or Equifax. ) and can save for the down payment of at least 5% (We highly recommend Emigrant Direct. They pay 4.5% on their savings account, with no minimums, no fees.), you can and will get a great Rate with decent fees. www.rateinformer.com