Mortgage Rates Tick Upwards

Chart with key to success

Mortgage rates increased last week with the European Commission’s boosted growth forecasts being the main culprit, while selling of European Debt is dragging down U.S. Treasuries and MBS prices. Equity Prices also declined last week, with confidence that Congress will be able to pass a tax cut bill this year beginning to wane.

Source: Caliber Home Loans

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