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Mortgage Rates Remain Near Recent Highs; Should Millennials Be Camping at Open Houses?

Mortgage Rates Remain Near Recent Highs; Should Millennials Be Camping at Open Houses?

Mortgage rates moved slightly lower today, for the second time in March. Unfortunately, the improvement did little to erase the recent weakness, which, as of Friday, had carried rates to their highest levels since late January. We're essentially still right there, but with slightly improved closing costs, depending on the lender. The most prevalent conventional 30yr fixed quotes remain in a range of 3.75% to 3.875% for top tier scenarios. Any time that rates have a winning day after such a steady streak of losses, it's tempting to conclude that things might be changing. While that will always be a possibility, it usually makes more sense to reserve judgment until we see a firm shift in the trend. With respect to today, specifically, it's not too surprising to see financial markets calming down
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