Mortgage rates are 4.75%…No, wait a minute. They shot back up !
Welcome to January, 2009. It looks to be a rocky ride through Inauguration Day. After that, all bets are off. Here’s the good news, though; mortgage rates, while just over 5% this afternoon (up from 4.75% this morning) are still excellent.
Sean Purcell and I discuss why the lenders are raising rates on Radio Mortgage.
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