Has the tide turned for mortgage rates finally?
From late April through the end of May, 30-year mortgage rates fell for five consecutive weeks. These lower rates created new opportunities to refinance -- and a natural tendency to wait to see just how low rates could go. By mid-June, however, it was clear that waiting to refinance can be a risky strategy. Mortgage rates still down in 2014 Mortgage rates followed that string of falling for five consecutive weeks by rising in each of the first two weeks of June. However, this bump up in rates is [...]
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