Who would of thought? Well we all did right? 30 year fixed mortgage rates are being advertised online as low as 4.375% with APR's just over 4.6%. We did predict this about a week ago. We hate being right all the time! Tuesday's highly successful bond auction pushed the rates down drastically. Just a warning, the slightest bit of good news could start a stock market rally and push the yield and mortgage rates back up over 5 %. Is it time to lock a rate?
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