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The Little Known Reason that Mortgage Rates May Go up!

July 31st, 2009 · Comments Off on The Little Known Reason that Mortgage Rates May Go up!

After starting the week with a run lower toward 5 percent, mortgage rates have reversed course. It started mid-day Tuesday and the culprit is Basic Economics.  Here’s why. Mortgage rates are based on the price of mortgage-backed bonds and — like most things — mortgage-backed bonds prices are based on Supply and Demand. When bond […]

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