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Mortgage Rate Update 7-1-13: Trends Projections & Today's Best Rates
In fear of cursing it, I am hesitant to acknowledge a recent turnaround in the interest rate trends. Friday finished with a strong 31 basis point improvement, and thus far, we are up an additional 28 bps. We still have a long way to go in order to erase the losses of last month (but this is a good start).
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired. To make things easier, I have also posted a quick report on How To Read The Charts Below.
Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns). Remember, we all make better decisions in life when we have the actual ... more
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