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Mortgage Rates Highest in a Week Ahead of Fed

Mortgage rates rose to the highest levels in more than a week today, but that’s the most dramatic way to put it.   In terms of outright movement, today was fairly average.  It only earns the “highest in a week” distinction due to the incredibly flat trend that persisted from Tuesday through yesterday afternoon.  More simply put, most borrowers would still be quoted the same rate as yesterday with the only difference being slightly higher upfront costs (or lower upfront credit, depending on the scenario)….(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed

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