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origination

What Are Mortgage Rates? Get Your Calculator

Blend of Two Variables Answering the question, “what are prevailing mortgage rates?” seems simple enough. After all, the answer should be “5%,” “5.25%,” or something similar, depending on one’s credit scores, and the mortgage product in question (fixed, 5 yr ARM, 10 yr. ARM, etc.). In practice, it’s a little more difficult, because rates are...
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