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Rate Update: Mortgage Rates Falling

Rate Update: Mortgage Rates Falling
Mortgage interest rates have been falling since the New Year. Nationwide, as of Jan 31, 30-Yr Fixed Jumbo stands at 3.73%, 30-Fixed Conforming is 3.64%, and 5/1 ARM Jumbo is 3.09%, according to Bankrate.com. We may yet return to the troughs we had last September. Definitely good news for homebuyers.

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Steven Huang

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