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Current mortgage rate trends June 13, 2011 Raleigh home loans

By
Mortgage and Lending with First Priority Financial

Current mortgage rate trends are improving.  The blue line on the graph rising means that mortgage rates are improving.  The white line was Fridays MBS trading.

mortgage rate trends

 

Reason:  The debt crisis in Greece and Europe are leading some economists to believe that in 2013 we may be headed into a global recession.  This economic pessimism fuels speculation that mortgage bonds may be  a better investment versus stocks due to their conservative nature. Hence mortgage rates are more likely to improve than deteriorate.  However expect the improvements to be in small increments.

Now is a great time to take advantage of these historical mortgage rates and home prices.  Contact us today for more information.

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