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Mortgage Rates Fall Back to Recent Lows

Mortgage rates recovered today after moving higher for the first time in nearly 2 weeks yesterday.  In the bigger picture, rates have been in a back-and-forth pattern near long-term lows.  Most of October and early November were spent with rates moving higher in that pattern after late September marked a surge lower.  While we wouldn’t call the past few weeks a “surge” per se, they’ve at least been moving in the right direction. 
The average lender improved back to levels seen about a week ago.  Those were the best offerings in roughly 3 weeks. 

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Source: mortgagenewsdaily.comNew feed

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