“Anybody who was floating or didn’t lock in a rate is screaming at their lender: ‘How could you do this to me?’” said Guy D. Cecala, chief executive and publisher of Inside Mortgage Finance. “It shot up from 3.5 to 4 percent virtually overnight,” he said, referring to the average 30-year fixe...
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Wednesday, November 23, 2016
Mortgage Rates’ Rise Catches Home Buyers — and Lenders — Off Guard
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