
Wonder what factors affect the home loan rate that your lenders impose on you? Read further and wonder no more.

The U.S. economy lost 4.4 million jobs since the recession began in December 2007, and employers recently cut 651,000 workers from payrolls, making the unemployment rate in February the highest since 1983. A recent survey suggests that unemployment in the U.S. will reach 9.4% in 2009, and most experts are predicting that the number of unemployed will continue to grow until 2011.
Here is one view of fixed rate mortgages pros and cons. There are several benefits worth considering when trying deciding if a fixed-rate mortgage is right to you. Unfortunately like many things in life, for every advantage, there seems to be a disadvantage.