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Mortgage Rates Continue To Rise.
Hi,
Bond yields and mortgage rates have been influenced by a reviving economy and price pressure. Mortgage rates have been on the rise and will continue to follow similar patterns. Average 30-year Fixed Rate Mortgage registered an increase by seven basis points to close at 6.35%, while 5/1 ARM increased by two basis points to close at 6.20%.
Thanks and Regards
Rob Thomos