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Mortgage Rates Going Up

UP_Poster

Rates are on the move this week, at least for the 5 year term.   Rising bond yields are catching up to mortgage rates and lenders are starting to increase rates. Variable rates remain attractive and unchanged although eventually the prime will start to increase as well. But prime would have to move a lot before a variable would surpass today?s 5 year fixed rates.

 

 
Five Yr Fixed Rates Going Up
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