Mortgage rates are on the rise. Is inflation on the way?

Image by TheTruthAbout via Flickr Maybe. When mortgage rates start rising it's a good indication that inflation is right behind us.

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What? Take away the mortgage interest deduction?

Image via Wikipedia The real estate industry is suffering enough as it is. The industry would take another big hit if the Obama administration moves to take away the mortgage interest deduction. This is a VERY BAD idea.

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30 year Mortgage rates are rising

Check out this article from the National Association of Relators about the 30 year mortgage rates going up.

http://www.realtor.org/RMODaily.nsf/pages/News2010091001?OpenDocument

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Should you shop around before choosing a mortgage?

Think for a moment about all the big ticket items you've ever purchased. Sure, there are a few high dollar purchases you made without too much thought, but for most of them, you did your homework. You shopped and compared before you made your final decision.

So why should it be any different with probably the biggest item you'll ever buy? Your home mortgage. You DO have to think of it that way. You're not just purchasing a home; you're purchasing a home mortgage, so you can purchase that home. So why not shop around for the best home mortgage you can find? Why settle for what your bank offers?

Stay tuned. Over the coming days and weeks, I'll be giving you tips on what you should look for when shopping for that home mortgage, and why to look for them.

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