Mortgage Rates Trend Upward

Posted by Jim Hungerford on December 31, 2009 · Leave a Comment

Mortgage rates trended upward the last couple of weeks of December.

December started with close to record lows, but a combination of factors caused them to increase. Stronger than expected economic data, a stock rally had a negative impact on the mortgage market and finally the FED is winding down the MBS purchase program.

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Filed under Mortgage Market Update · Tagged with Conforming loan limits, credit mortgage, financing, first time homebuyer, home mortgage, interest rates, Mortage industry, mortgage application, Mortgage Rates, oregon, portland

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