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Mortgage Rates rise by 3/8 % for the week
The Bond market continues to be very volatile. Because of the fears of inflation and the weak dollar, investors are selling mortgage backed securities and rates are up!! Watch out if you are planning on buying a home or refinancing in the next 3 months. The Federal Reserve is scheduled to meet and is expected to lower rates by another .5% which could temporarily ease rates on mortgages.
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Contributor's Note
Scott Hoag
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Watch your money fly !
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