OfflineI thought this was a very good article from CNNmoney.com talking about the end of under 3% mortgage rates. It gives 3 reasons why rates are going up and why we may never see them that low again.
here is a link
http://money.cnn.com/2013/06/06/real_estate/mortgage-rates/index.html
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I was also reading some articles about the trend of the rates since they rose to 4.6% today... I think it's true that we may never see the 3% rates again...
however, according to an article by Ruth Mantell " “Given the very high level of affordability, the residential real estate market can easily handle the recent yield spike and the likelihood of higher yields to come.”
(if interested, you cn read complete article, link below)
http://blogs.marketwatch.com/capitolreport/2013/06/26/refinancing-drop-w...
Valerie
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