Tuesday, December 14, 2010

Interest rate update for home buyers 12/14/10


"No economic releases today, but the rest of the week brings a lot to consider when it comes to mortgage rates. 

We’ve witnessed a sharp rise in rates over the past several weeks. The average 30 year mortgage is now in the 4.75% range. Just a month ago it was closer to 4.25%. This dramatic rise in rates has to be of some concern to the Fed, because if this happens..."

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