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Mortgage Rate Ping Pong

Mortgage Rate Ping PongMortgage rates dropped on Tuesday, and went right back up, higher yesterday than when they started Tuesday morning. Some lenders had 3-4 interest rate changes yesterday – during the same day! Conforming rates were up 3/8 of a percent. Some lenders stopped locking in rates because of the fluctuations.

Expect to see more volatility with rates…

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