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Kiss 4% Mortgage Rates Goobye?
Hello Friends,
Here is an article from Money.CNN.com that I thought might be worth posting. The fact is, rates will not stay as low as this history making trend has been. It is time for the fence sitter to make a decision on what exactly they are going to do. If you are a Realtor working with a client that isn't prequalified yet and they seem to be unsure of what to do, maybe because they are waiting for the elusive "bottom" to hit, it might be time to send them to your favorite Loan Officer. As a mortgage professional, it is our duty to explain the ins-and-outs of this crazy market we are in. Let's face it, an informed customer is an excellent customer. Good luck out there!!!
 
By Les Christie, staff writerJanuary 1, 2011: 3:47 PM ET
 
NEW YORK (CNNMoney.com) -- The era of near 4% mortgage rates has ended after a quick rate rise since early November. But some industry experts think that may be a good thing for the flagging housing market.
The average 30-year fixed mortgage rate has risen to 4.86% from 4.17%, according to Freddie Mac's weekly mortgage market survey. In the Bankrate.com ... more

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