Hover Near Record Lows
Fixed mortgage rates made small movements this week as fiscal cliff negotiations seemed to stall.
According to Freddie Mac’s Primary Mortgage Market.
“Mortgage rates showed little movement as the fiscal cliff talks looked more like a stalemate,” Bankrate said in a release. “But a newly announced stimulus plan from the Federal Reserve aimed at buying longer-term Treasuries should help bring both bond yields and mortgage rates lower, albeit modestly. Don’t expect any big moves in mortgage rates as long as the fiscal cliff talks drag on.” See rates...
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