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Posted To: Mortgage Rate Watch
Yesterday we took a moment to rejoice the reversal of Friday's mortgage rate degredation, but left it with the following statement... "I know that all sounds encouraging and might even draw a "sigh of relief", but we are still hesitant to get excited about positive progress in mortgage rates. A greater than normal amount of uncertainty is governing the global economic investing environment. Couple that with what is traditionally a "hard to read" time of year (year end on Wall Street), and it makes sense to say if you're floating your loan on a closing deadline you should meet with your loan originator to indentify an acceptable payment range and coordinate a short term loan pricing/buydown target based on your specific scenario." In other words, be defensive! In fact, "Defensive Outlook in...(
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Source:
www.mortgagenewsdaily.com
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