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Mortgage rates are up so the sky must be falling?

Commentary: Boy have we been spoiled by low rates

By MarketWatch

CHICAGO (MarketWatch) — One thing low mortgage rates are sure to cause: a panic when they start to turn higher. There’s nothing worse than missing a good deal, but when that deal entails saving every month over 30 years it’s a rip-your-hair-out affair when it passes you by.

We’re going to see a lot of that hand-wringing now as mortgage rates have jumped off historic lows, rising this week for the fourth straight time to reach — gasp! — 4.61% on the benchmark 30-year loan. Read more on mortgage rates jumping this week (clicking this link will take you to a different article).

(remainder of original article is cont'd online at MarketWatch.com.)

 

 


Posted by Rick Geary on December 10th, 2010 12:07 PMPost a Comment (0)

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