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Mortgage rates inching up but remain below 5%19 Oct

If you are on the fence about buying… get off the fence at do it.  Interest rates are low, and there is good supply on the market.  There are deals to be had.  Now is the time!

Mortgage rates rose slightly last week, although the average rate on 30-year, fixed-rate mortgages remained under 5 percent for the third consecutive week, according to Freddie Mac’s weekly survey of mortgage rates.

After yields on Treasurys rose on a rebound from the multi-decade lows, they have fallen a bit, taking mortgage rates along with them.

However, Treasury yields have climbed in the past couple of weeks, moving some rates from record lows recently seen.

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