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What Will Mortgage Rates Do This Week?

What Will Mortgage Rates Do This Week? | Real Estate | Scoop.it
Advice and analysis of what's ahead for mortgage rates, including a look at why 2013 rates are the hardest to lock since last decade. (“@mortgagereports: Mortgage bonds bounce back to unchanged on the day.
Ben Bensen's insight:

This is useful information whether you want to sell or buy a house. Rates are still very low, but they can be affected easily and can rise quickly. When the mortgage rates rise it greatly affects affordability.

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Average 30-year mortgage rate edges up to 4.16% - USA TODAY

Average 30-year mortgage rate edges up to 4.16% - USA TODAY | Real Estate | Scoop.it
Washington Post (blog)
Average 30-year mortgage rate edges up to 4.16%
USA TODAY
WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose slightly last week but remained near historically low levels.
Ben Bensen's insight:

Remember that while the average rate went up it is still historically very low. If you have been considering buying now is still a great time.

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Nov. 13: Mortgage rates last topped 18% on this day in 1981

Nov. 13: Mortgage rates last topped 18% on this day in 1981 | Real Estate | Scoop.it
Today, interest rates for a 30-year fixed-rate mortgage are hovering at around 4.16 percent. That’s super cheap, especially compared with the rates 32 years ago.

Via Russ Bergeron
Ben Bensen's insight:

This really puts things in perspective. We are still at historic lows! If you are thinking of buying or selling, now really is an great time. But don't wait, 5% is the projected rate for this time next year. That could result in $1000's more to pay off each year!

For more information on your local market, I can connect you with a great real estate consultant in your area. Email me: bensenrealestate@outlook.com

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