Archive For November 28, 2016

How Will Higher Mortgage Rates Affect the Housing Market?

How Will Higher Mortgage Rates Affect the Housing Market?

The average 30-year fixed rate mortgage jumped another 6 basis points this past week to 4.02%, Bankrate.com reports. Fueled by industry expectations that a Trump presidency will increase corporate profits and cut taxes, the increase in rates have been an unwelcome surprise to buyers across the country. ¬†Just a month ago, the average home loan…

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