Triangle Business Today

Keep an eye on rising mortgage rates

Posted February 9, 2011 8:39 p.m. EST

How much of an impact would higher fixed mortgage interest rates have on housing?

Current interest rate levels are still helpful to affordability. But if we were to see another 100 to 150 basis point rise in fixed rates, then the shift would occur to those very attractive shorter, fixed rates called Adjustable Rate Mortgages.

 

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.