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Turmoil in Middle East and Unemployment Keep Mortgage Rates Low

February 18, 2011

This week, we finally saw a return to normalcy. For months, mortgage professionals have felt like we had stepped through the lending looking glass into some Carrollesque world driven by completely different laws of nature and physics. We have been scratching our heads, perplexed by the mortgage markets ability to repeatedly perform counter to conventional wisdom. Time after time, we saw negative or tepidly positive economic news result in rate increases. This finally came to an end this week as mortgage pricing responded as expected.

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