Home Mortgage

Mortgage rates spike over economic uncertainty

New data shows that mortgage rates climbed to the highest level since mid-March as debt default concerns linger. The rate on the 30-year fixed mortgage rose to 6.57% this week.

The housing recession isn't over yet

The worst of the housing market recession may not be over quite yet and could soon bleed into the broader U.S. economy, according to Fannie Mae analysts.