Mortgage rates. Where are they and what are they getting ready to do? Last December 31, 2013 the 30 year fixed mortgage rate was at 4.69 percent. That’s the highest it has been over a 3 month period. Right now the mortgage rate for a 30 year fixed is hovering around 4.5 percent. A year ago it was a full percentage point lower than that. But what does the future hold? On January 28-29 the Federal Open Market Committee (FOMC) will hold one of eight scheduled...
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