The chart below comes from bankrate.com and shows the track of the average 30-year mortgage rate, which has been on a steady decline from about 3.63% in mid-October to 3.5% in early December
It may just be blip up, and the mortgage rates may resume their decline. On the other hand, it also may be an indication that the Fed's is pushing on a string. Either way, it deserves watching, as a rise in mortgages rates may crimp the housing market.
It may just be blip up, and the mortgage rates may resume their decline. On the other hand, it also may be an indication that the Fed's is pushing on a string. Either way, it deserves watching, as a rise in mortgages rates may crimp the housing market.
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