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Mortgage Rates Still Rising. Is This The End Of The Refi Boom?

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

 

Freddie Mac mortgage rates (January - November 2010)

Rock-bottom mortgage rates may be gone for good.  This week's Freddie Mac Primary Mortgage Market Survey shows in numbers what Florida rate shoppers have learned the hard way -- mortgage rates are spiking.

During the 7-day period ending November 18, the average 30-year, conforming fixed rate mortgage jumped to 4.39 percent, an increase of 0.22% from.....


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Mortgage Rates Still Rising. Is This The End Of The Refi Boom?

Comments(2)

Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

So much for the wisdom and success of the recent manipulations of the economy by the FED.

Nov 19, 2010 08:50 PM
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

On the other hand, a "jump" to 4.39% is not a jump very far from a lifetime low.  It is not fair to say, low rates have ended.  They've just moved from sublime to ridiculous.

Nov 19, 2010 08:52 PM