I hate the term real estate. It's cold and business-y, everything that tends to make me hide under the bed. What I write about is space: homes, cafes, places where you can do work, pet the cat, and Google your next-door-neighbor from 10 years ago. I write about places. And I like to do it from a personal perspective.

Tuesday, September 20, 2005

And the rates keep rising

Looks like Greenspan's given the go-ahead, despite fears from some that Katrina might've driven in part of the U.S. economy.

But according to research I've done, most people have already locked in a second mortgage at the previous lower rates, so really it's not these would-be refi'ers who are getting affected.

Instead, it's those seeking loans for other purposes, such as home equity or debt consolidation, who might take these heightened rates into account.


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