Locke on Stocks
Monday, January 26, 2009
30-Year Fixed Mortgage Rate Sticks Over 5%
After flirting with a 4-handle two weeks ago, spurring a spate of
refinancing
, average national
rates
have popped back up to 5.42%. According to the Mortgage Bankers Association, refis account for over
80%
of all new mortgage applications.
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