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Today’s mortgage rates aren’t all that different from the rates of years past. Here’s how they compare.
Mortgage rates increased once again and are edging closer to 7.5%.
There are several ways to get lower mortgage rates. You can get inflation down, which is a positive for bonds and thus mortgage-backed securities. Or you can get a slowing in the economy, driven by fewer job opening, higher unemployment, etc. Sadly, that latter path seems to be the one that’s “working” at the moment,……