Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
Sunday, February 13, 2011
Mortgage rates rising
CNNMoney article - mortgage rates, driven by yield on the 10-year Treasury, is rising because of improving economy and because rates are so low they have nowhere to go but up. The national average 30-year mortgage rate reached 5.05% in Feb 11, breaking 5% for first time since May 2010. Some predict the rate to increase to 5.5% to 6% by end of 2011.
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