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The Uncommonly Strong Case For Locking a Mortgage Rate

Almost everywhere you look, low mortgage rates are in the news.  Experts are claiming they’ll remain low or move lower for years to come.  They might be right!  But that doesn’t necessarily mean you should wait to refinance or to lock your rate if you’re already in the loan process.
It is true that mortgage rates improved noticeably earlier this week.  Part of the improvement is due to overall gains in the bond market following last week’s Federal Reserve scare.  When the Fed updated its policy framework, the bond market was briefly spooked.  A spooked bond market means higher yields/rates….(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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