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Mortgage Rates Continue to Rise in the Face of Economic Optimism

February 11, 2011

I have begun to use a good news/bad news analogy when speaking with my clients about locking, which I feel provides a good characterization of the week that was in mortgage rates. A good number of these clients had loans in process and chose to follow my advice to lock over the last ten days. The good news for most of them this week is that they secured a mortgage rate at historical lows, the bad news is that the rate is at a 10-month high.

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