Winter's record low mortgage rates could increase thanks to Congress

Photo: hanspoldoja

Mortgage rates remain at or near record lows, but it's unclear how long that might last.

That's because Congress late last year tied a payroll tax-break extension for millions of workers to what amounts to a new hidden tax on anyone who takes out a mortgage or refinances their home loan.

The full impact has not yet been felt, but lenders are already taking notice.
 
Learn about this hidden tax in my Interest.com article, Winter's record low mortgage rates could increase thanks to Congress.