Mortgage interest rates increase by 1 percent since mid-May

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  • mountain man Salt Lake City, UT
    July 10, 2013 2:44 a.m.

    I just finished my loan at 3.5% for a 15 year investment property. Dropped it down from 6 percent.
    Dude, I bought houses in the 80's when interest rates were 10.5%. of course houses were 1/3 the cost too.
    I never thought i would see interest rates below 6% in my lifetime. So this bump is nothin!!!!

  • Anti Government Alpine, UT
    July 8, 2013 4:41 p.m.

    Guess I got lucky and timed it right.

    2.75% rate no closing costs and I dropped from my 20 year mortgage down to a 15 year fixed.

    Saved like 60K in interest or some ridiculous amount.


    Rates will go through the roof once the fed stops the printing presses. What a complete farce this economy is built on.

    Bush and obama have royally screwed things up with all these bailouts. All they have done is perpetuated the underlying problems and corruption we have. Citizens have and will continue to pay the price while politicians continue to allow their corporate campaign contributors to rob us blind.

    I am all for the free market but we don't have it here anymore. These politicians won't let businesses fail which is a naturally consequence. Instead they pay for their corruption and stupidity with our taxes and unfunded debt they put on all of us.

    They both should be tried for treason and/or stupidity on a massive scale.

    People should stop picking political sides and just keep throwing people out of office continually until it stops. Instead people do what their political parties tell them and the problems continue.