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Ouch ! Mortgage Rates Climb To 7% Again

So much for what the “experts” unanimously predicted for mortgage rates this fall. This week they climbed back up, yet again to 7% on 30 year fixed. In late September there were a couple weeks that rates were at 6%. This was refreshing for all! Blindly, most of us felt that would hold. There is lots of chatter now as to why from experts. From Bonds, to this to that but, it really doesn’t matter why. That is the past, it is a fact now. If you have a house that needs work. Combined with current rates to buyers who typically would much rather umbrella the renovation costs initially into their mortgage rather than pay higher yet rates for home renovation, its definitely a good time to contact Mission Va Llc prior to listing on the MLS with an agent.

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