What You Can Do to Deal With Rising Mortgage Rates

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What You Can Do to Deal
With Rising Mortgage Rates

By Terri Cullen
From The Wall Street Journal Online

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The Federal Reserve on Tuesday boosted the federal-funds rate -- the interest rates banks charge each other for overnight loans -- to 4.50% from 4.25%. Fed rate changes directly impact most consumer loan rates: Rates on adjustable-rate mortgages and home-equity lines of credit tend to move within one to three months after the Fed changes rates, so homeowners can expect to pay higher finances charges.

-- February 06, 2006

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