Alan Greenspan continues to raise the prime lending rate to cool potential inflation, you would think rates would be directly proportional. Not exactly so - while his comments last week did cause an uptick in rates, the market has rebounded over the last three days.
Don't get me wrong - fixed mortgage rates are going up, but just because the prime rate is increased by .25% or .5%, it doesn't mean that a 30 year fixed mortgage rate is going up by that amount that day.



