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Tag Archives: adjustable-rate mortgage (ARM)

Mortgage Rates Rise to Six-Month High

Eclipsing the 3% mark for the first time since April, fixed-rate mortgages hit 3.05% this week, with inflationary pressure building due to lingering pandemic issues, and a constricting monetary policy.

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Mortgage Rates Finding Stable Ground

While still below the 3% range, the window of opportunity for refis remains wide open; however, high asking prices are turning many away from the purchase market despite the record low rates.

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