Save Money in this Sunday's paper

The answer lies in one’s view on the U.S. economy. The economy has been stuck in one of the slowest post-recession recoveries in the history of the country, but it is gradually starting to mend.

The first thing to consider is whether the lender is a trusted brand. This is not to say any particular lender is perfect, but the ones who are spending millions of dollars advertising generally want to protect their brand image, and will have a mechanism in place for solving problems when they arise.

Back in February I forecasted that mortgage rates would tick up as the year progressed. Rates have in fact increased. So where are they headed from here?

We are now heading toward the end of the spring homebuying season, and mortgage rates remain near record-low levels.

Tom Reddin
Tom Reddin, former president of Charlotte-based LendingTree, writes an occasional column for Sunday Business about mortgages and home ownership. A version of this column previously appeared on his blog, MortgageRates.us. He runs Red Dog Ventures, a venture capital and advisory firm for early stage digital companies.

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