Guaranty Trust Llc

For the past year, Americans have enjoyed historically low mortgage interest rates, which offer significant savings on money borrowed for a 15-to-30-year.However, Fed Chairman Ben Bernanke said in May that the Fed could soon start purchasing bonds at a slower rate, thus increasing interest rates. While any change of pace would be slow so as not to shock the market, new home buyers or owners looking to refinance should make a move sooner rather than later.