Bond Market May Mean Higher Costs for Home

The bond market turned upside down this week in a move that may end up costing many people more to buy a home.

The phenomenon is called an inverted yield curve — when short term interest rates rise above long term rates — and it hasn’t happened for five years. What it could mean is increased monthly costs for borrowers using ARMs, whose popularity, especially among first-time home buyers, has helped fuel the real estate boom.

This entry was posted on Friday, December 30th, 2005 at 10:00 pm and is filed under Advice, Mortgages, Corporate/ Banking, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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