Mortgage Rates, They Rise and Rise

  |  August 16, 2013
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Boo-hoo, at least if you’re a buyer. Reports from local real estate folk indicate that the market up here is getting stronger, just as mortgage rates are rising. And rising. This according to Zillow, which informed us that “The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 4.31 percent, up three basis points from 4.28 percent at this time last week. The 30-year fixed mortgage rate hovered between 4.2 and 4.27 percent early last week before rising to the current rate this morning.”

On a personal note, this is more fodder for buying a bungalow in a colony, for which we don’t need no stinking mortgage, just the equivalent of a down payment. Except we really shouldn’t tell you that we’re doing that because we don’t want any competition when bungalow-buying time comes. So forget we said that.

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