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Mortgage Rates Flirt With 5%

Uneventful Start This Week as Rates Flirt With 5% Last week's big news was the rapid jump in rates. In fact, it was right in line with the worst week in decades in terms of the total increase in the average 30yr fixed rate. The bond market held its ground nicely and even managed to improve slightly in the afternoon. While this isn't the first time we've seen such things in 2022, it's one of only 3 days of improvement since March 4th. In more specific terms, the average lender is effectively unchanged when it comes to top tier 30yr fixed scenarios with quotes currently ranging from 4.875 to 5.125% in a majority of cases.

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Please watch: "Investors Are Pulling Out of The Housing Market!"
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