Rock-Bottom Mortgage Interest Rates Likely Ending

Summary


Home buyers and owners who want to refinance may have missed rock- bottom mortgage interest rates recently available, and many are scrambling to do deals before rates head higher, local mortgage brokers said Friday.

Gayle Antram and her husband are prime examples. They recently locked in a 4.75 percent rate on a 30-year fixed mortgage from Fidelity Bank to refinance their house in Moon. They are paying 6.378 percent.

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Rock-Bottom Mortgage Interest Rates Likely Ending

"I don't think the fluctuation in rates is going to be like what we experienced back in the days with (Alan) Greenspan, when they would drop a half a percent every month. So, if you waited ...

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