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Austin Mortgage Rates Projected to Rise Sooner Rather than Later  
Now that we are deep into July, with summer in full swing, there might be vague thoughts running through your mind about some potential real estate moves—but certainly not until the fall. Right now all most of us are thinking about is whether another chilled glass of summer-something-or-other is in order. Austin mortgage rates and what the folks in Washington might be doing to affect them are not exactly what occupies an idyllic July afternoon.
 
But if you’ve been paying attention to any newscasts long enough to reach the dull-as-dishwater economic stories they throw in toward the end of the broadcasts, you may also have an inkling that conditions are about to change. And the evidence does suggest that mortgage rates in Austin face a likely increase come fall. If your vague suspicion does come to pass, and if you’re among those considering buying or selling a home in Austin this year, now should be the time to stop “thinking” and start “doing”.
 
Exhibit A for that proposition comes from one Michael C. Fratantoni, who happens to be the Chief Economist of the Mortgage Bankers Association (MBA). When he recently spoke at the National Association of REALTORS® office in Washington, he made no ... more

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