an tSionna: Mortgages

Much has been made recently about the rapid rise in mortgage rates and whether that will choke off the nascent rally in home prices.  Since the first mortgage I ever took out on a place was around 8%, I don't think it's that much of a concern whether rates have moved from 4 to 4.25% or so.  Chart of the Day.com shows the longer term trend of Mortgage rates.  This link here will give you their commentary on the chart.