Farewell 3% Mortgage Rates

farewell 3 per cent mortgage ratesMortgage rates are going back up, and will more than likely stay up.

However, they’re still very low from a historical point of view, with the normal being over 5.5%

Why the increase?

1. The Fed is going to stop bolstering the housing market

2. The economy is no longer reeling

3. 3.3% rates were unprecedented

For a deeper discussion of this, click on the link below

Farewell 3% Mortgage Rates

 



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