Morttgage rates

Big Jump in Rates Today!

Credit Market Indigestion? Big jump in rates today: from 4.75% to well over 5%. That may not seem like much, but in the mortgage market, that’s like a 250 point drop in the stock market. The explanation? Apparently, a not-so-successful U.S. Treasury auction, which mortgage rates key off of. Maybe borrowing a couple extra trillion...
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