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Mortgage rate trends August 16 2012 Raleigh mortgage

By
Mortgage and Lending with First Priority Financial

Mortgage rates continue to rise.  Investors who buy mortgages feel that we may have hit bottom and that the economy is improving.  As a result less are buying mortgage bonds causing the interest rates to rise.  If you have to close a loan in 15 days or less I suggest you lock.  Withing 15-30 days lock on any improvement and if you have more than 30 days you should float.

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