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Questions? Let's Talk: 877.762.4375
mortgage rates are starting to increase, showing signs of a strengthening housing market and a growing economy. mortgage rates have jumped three-tenths of a point over the last week, increasing the payment amount on a $220,000 30-year fixed mortgages by approximately $38 a month. Fed Chairman Ben Bernanke said, “if interest rates go up for the right reasons, that’s a good thing… that’s not a bad thing.” Additionally, higher rates will encourage banks to lend more money to homebuyers. More here
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