A clearer European debt picture coupled with rising US government borrowing costs have cause home mortgage rates to leap a half-point to the highest rates in months. Economists forecast another rate rise this coming week. It's hard to predict rates any farther in the future.
The rise in rates is caused by a number of factors including increased goverment spending and the perception of inflation in the future.
Despite the rise, Tallahassee home mortgage rates still remain very low by historical standards. We offer connections to a range of competing lenders in Tallahassee - please call us for a free referral to find your best rate - 850. 329.0050.
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