Industry NewsMortgage

Mortgage rates going up, up, up

Fed may take action as soon as next week
Published on Aug 23, 2012

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by CareyBot

Mortgage rates ticked up from historic lows for the fourth week in a row as the bonds that finance most home loans continue to look overpriced to investors.

Some have speculated that the prospect of rising mortgage rates could spur homebuyers who have been sitting on the fence into action. But for now, mortgage rates are still well below historic norms, and there's speculation that the Federal Reserve could move as early as next week to keep long-term rates in check.

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