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Freddie Mac announced Thursday that home loan interest rates for 30 year fixed rate mortgages increased to 6.32 percent this week, the highest it has been in more than eight months. The increase is said to be attributed to growing inflation concerns. The 15 year fixed rate mortgage also jumped, averaging 5.93 percent compared to 5.65 last week.

Top officials at Freddie mac said that Federal Reserve officials specifically indicated that the threat of inflation was the primary reason for the increase, and that it looks as though the Federal Reserve will raise interest rates more aggressively over the next year than previously thought.

Mortgage applications rose by about 10 percent from the lowest level in 6 years. home loan refinancing applications jumped from 8.4 percent while purchase applications rose 12.8 percent. Top officials at the National Association of Realtors say that regions of the country that have seen sharp price declines are now seeing a sales recovery, due to a large influx of bargain hunters.

Meanwhile, mortgage delinquencies and foreclosures continue to rise at a record high rate. Experts agree that part of the reason that applications are on the rise is because homeowners that are in over their head in debt are attempting to refinance Home loan.

202' of frontage - Breathtaking views of Lake Superior and Grand Island in Munising. Grand Island offers protection for these properties that even allow for your own dock on Lake Superior! (With perm...

The perfect base camp for camping or cabin. Located less than a mile from National Forest. Unlimited options for nearby lakes. I also have a 7.4 acre and 5 acre parcel available. Or make a fantast...

672 acre Winter Lake offers all the full recreational fun you and your family are looking for - not to mention that is is one of Wisconsin top Musky Lakes. This unique parcel actually has a couple is...

Imagine motoring the Paint in pursuit of musky, northern
pike, walleye, crappie and brown trout. Hunting, hiking,
biking and other outdoor activities are just out your back
door. When in the cabin ...

Long Lake is 872 acres of crystal clear water over 90 feet deep and home to everything from trout to musky and walleye. It gets even better as you can boat into 1,400 acre Big Sand Lake and enjoy more...