Tuesday, June 19, 2012
Mortgage rates begin to climb
The 30-year mortgage rate average rose from 3.67 percent to 3.71 percent on Thursday, while the 15-year inched up from 2.94 percent to 2.98 percent. Last year's average rates at this time were 4.5 percent for the 30 Year, and 3.67% for the 15 year.
These rates indicate that it is still an optimal time to buy a first home or refinance, and that time may be running out.
In no particular order I enjoy owning unusual breeds of dogs and cats; love to travel to exotic locations where there are opportunities to learn about even more exotic animal and sea life or the culture of the locale; follow the movies, Knicks, Clippers, and the Yankees; and work way too hard supporting all those passions.
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