I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates rose slightly on Thursday after a reminder that inflation was continuing to rise at the wholesale level last month. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and a quarter points, up one-eighth of a point from Wednesday, for an extra cost of $125 on a $100,000 loan and $375 on a $300,000 loan. On Friday, we will see the consumer price index of inflation at the retail level. Another half-percent rise is expected. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
04/14/2011
