Rent or Buy? Mortgage Rates Rise to 6.17%

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(Image credit: Apartment Therapy)

Consumer confidence says BUY! Never considered an oxymoron, consumer confidence measurably rose this week after the Consumer Confident Report was released on Tuesday. I don’t remember being asked. At any rate, confidence leads to higher rates, so up they went 11 basis points to 6.17% on the 30-year fixed mortgage. (via Bankrate)

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