This week's rate quote from Mickey Carlton:
Mortgage interest rates improved late in the week as investors dumped stocks for the safety of bonds. This "flight to quality" improvement in rates could melt away if the stock market sustains a rally. Currently, residential home buyers can expect to pay between 6.125% and 6.75% to obtain 30 year fixed rate mortgages without having to pay an origination fee or discount points. Individual rates will depend upon loan size and the creditworthiness of the borrower(s).
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