Friday's "Catastrophic Surge" in Mortgage Rates

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Friday's "Catastrophic Surge" in Mortgage Rates

Friday's "Catastrophic Surge" in Mortgage Rates
If you're thinking about buying a home, then you're probably not going to like what I'm about to say. On Friday, while you were busy nursing yourself back to life following the previous night's celebrations, mortgage rates exploded. The daily recap …
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Mortgage interest rates on the rise, some Wichita-area lenders say
The days of getting mortgage interest rates in the 3 percent range are most likely over, area mortgage lenders and Realtors said. The average rate on a 30-year conventional fixed-rate loan in the area is above 4 percent, they said, and most in the …
Read more on Kansas.com

Hold on: Mortgage rates to rise again
For potential home-buyers, the concern is the spike in the 10-year bonds, which tends to track mortgage rates. As bond prices tumbled, yields hit levels not seen since 2011 — a sign that higher mortgage rates are sure to hit borrowers next week.
Read more on New York Post

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