Sunday, 10 July 2016

Your 30-Year Mortgage Rate Should Be Lower Than It Is Now

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Mortgage rates usually move in tandem with bond yields. Which is why following the U.K.’s decision to exit the EU, bond yields tumbled as investors sought a safe haven, while U.S. mortgage rates also slid to near all-time lows. According to mortgage giant Freddie Mac on Thursday, the 30-year-fixed-rate mortgage averaged about 3.41% this week–down…

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