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Why peoples rates going up when mortgage rates are down?

This is a topic titled Why peoples rates going up when mortgage rates are down? made in the Mortgage Talk section, belongs to our Mortgage Chat category; I have seen a lot of people who's Adjustable Rate Mortgage has ended and their interest rate was adjusted up. I wondering why since rates have went down?...








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Old May 14th, 2008, 08:12 PM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default Why peoples rates going up when mortgage rates are down?

I have seen a lot of people who's Adjustable Rate Mortgage has ended and their interest rate was adjusted up.

I wondering why since rates have went down?
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