Mortgage Rates Heading Higher


The AP reports that mortgage rates have begun heading higher.

The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are priced out of the market — a threat to the fragile recovery in the housing market.

Read it here: http://www.nevadaappeal.com/article/20100408/NEWS/100409560/1005&parentprofile=1058

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Real estate investor
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