Tim Sickinger, Principal, Ladd Financial, talks about the ups and downs mortgage rates have suffered lately.
Interest rates have been moving around quite a bit this last six to twelve months primarily due to what we're all hearing is the credit crunch. The credit crunch in a nutshell is the lack of banks willing to lend money to consumers.
We've all heard about the Federal Reserve lowering interest rates, which would lead the average individual to believe interest rates would fall, but that hasn't necessarily happened.
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