Thursday, November 18, 2010

30-Year Mortgage Rate Jumps Up to 4.39%

Freddie Mac reports that the average rate for 30-year fixed loans rose to 4.39 percent from 4.17 percent, a gain of 22 basis points. Rates are up as Treasury yields climbed to their highest level since July.

The party is just about over. You better lock in rates at these levels, if you haven't already done so.

There will be years of interest rate hikes coming, given the debt load of the U.S. government and Bernnake's inflationary money printing,

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