Why Your Mortgage Is Getting More Expensive

(TNS)—World events are conspiring to make it more expensive for you to borrow money to buy a house.
Mortgage rates have increased for five consecutive weeks, according to Bankrate data, bringing interest on a 30-year fixed rate loan to 4.44 percent—the highest level in 11 months—while home prices continue to rise due to a lack of available homes.
After years of tepid economic growth, animal spirits are aflame. Inflation and wage growth recently found a groove, while the Federal