Bankrate: Mortgage Rates Soar Ahead of Fed Meeting (PR Newswire via Yahoo! Finance)
Bankrate: Mortgage Rates Soar Ahead of Fed Meeting (PR Newswire via Yahoo! Finance)
Fixed mortgage rates increased for the third consecutive week as higher interest rate expectations take hold. The average 30-year fixed rate mortgage jumped from 6.83 percent to 6.93 percent, the highest since April 17, 2002, according to Bankrate.com's weekly national survey of large lenders.
Car Incentives: More Pain Than Gain? (BusinessWeek)
Full-throttle price wars and low financing rates will end up squeezing margins and profits for auto makers, says S&P
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