Mortgage Rates Level Off

Posted by Bonnie Martin Designated Broker on Tuesday, September 17th, 2013 at 10:47pm.

interest__max5128_450realtor.com - Key fixed-rate mortgages held steady this week, remaining near two-year highs. The previous rise in rates has caused a decline in the number of applications for U.S. home loans as home buyers continue to hold out for lower rates. Despite the recent uptick — key fixed-rate mortgages spiked by nearly half a percentage point in late June – rates remain low by historical standards.

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