Whats UP next with rates?

Rates are still holding but we feel the trend is still upward for mortgage rates due to problems ahead with inflation and the future state of the economy. Our suggestion is to look for your new mortgage now if you are refinancing. If you are buying a new home the drop in home prices could easily offset a higher rate down the line. Enjoy these rates and shop hard for the right fees and the right rate. The first thing is that you need to have good credit scores. You can check your credit scores online at My Fico.Com or Equifax.
Next, you need to have some savings for a 5% or more down payment. Do you have a good way to save for a down payment? We highly recommend Emigrant Direct. They pay 5.15% on their savings account, with no minimums, no fees. www.rateinformer.com