Mortgage 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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Ginger Wilcox is a Real Estate Agent with Alain Pinel Realtors specializing in Marin Real Estate.
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