Mortgage Rates Are Seeing a Sustained Rise
According to Freddie Mac's Primary Mortgage Market Survey® (PMMS®), interest rates on 30-year fixed mortgages have risen in nine out of the last ten weeks, with the result that it is now 4.16 percent. While potential home buyers should not let this fact exert too much influence over their decision-making for the time being, it is important to note that many analysts forecast that mortgage rates will rise even higher in 2017. So locking in at the current rate could...
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