An interest rate forecast by MoneyRates.com showed an expectation for mortgage rates and interest rates paid on deposits to rise over the next few months.
The report was put together by Richard Barrington, senior financial analyst for MoneyRates.com. His expectation for rising rates stems from growing strength in indicators such as employment, consumer debt levels and home prices.
"After the long decline in rates since the Great Recession, this could be the turning point where rates start a sustained…
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