As of Friday afternoon, mortgage rates had gone 10 days without decreasing and are now back up to 4.25 percent.
On some days during the span the rate increased, and others it stayed the same.
“Momentum has been negative for several days now and I don’t see any evidence in front of me to suggest a reversal any time soon,” Hugh W. Page, a mortgage broker from Seacoast National Bank, told Mortgage News Daily.
Image via flickr/woodleywonderworks
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