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The sweet and short of it…
Mortgage interest rates have risen slightly with signs that the U.S. economy is improving. Mortgage rate increases coincide with a growing demand for loans in the U.S. as more high risk borrowers are being offered credit following years of tighter lending standards. For those that have been looking to buy a home it is still cheap to do so and would be wise to lock in today’s mortgage rates!
Information above from the on-line article is paraphrased, for full article visit:
“Why Higher Mortgage Rates will Help the Housing Market”
March 18, 2013 by Nin-Hai Tseng
The Land Man Team
March 18, 2013