Due to yesterdays server issues I couldn't post the full post. Here it is.
What will interest rates do in 2011?
Mortgage rates have been on the rise since November. Back in November the 30 year fixed rate got as low as 4.42%. Recently rates have gone as high as 5.02%. This is the second time in three weeks that the 30 year fixed rate has exceeded 5%.
What will rates do in 2011? The general consensus is that rates will hover between 5-6% in 2011. Some experts think in order to avoid the high end of this range there might be a surge in home buying. Whether this is true or not it's important to remember that interest rates are still at historic lows. This low interest rate combined with the decline in home values make this an excellent time to either buy a home or refinance the home you or in.
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