Treasury yields continued their upward trend today thereby increasing mortgage rates modestly. For those of you who had not locked you rate - I suggest you take advantage of still historically low rates. Quit trying to time the market and lock the perfect rate. It does not exist.
Comparable sales are becoming a greater and greater drag of refinance and purchase transactions. As sales for existing homes continue to drag, those sales prices are further preventing some homeowners from refinancing since depressed sales, are in fact, sales.
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