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Mortgage rates right now are not out of line with historical values
Mortgage rates right now are not out of line with historical values I have had to make this point a couple of times in individual posts, so it probably warrants its own discussion. If you look at mortgage rates over the last 50 years (the data, by month, is freely available), you will find that the average 30 year mortgage rate is 7.75%. The median is 7.4%. The rates we all got used to in the last couple of deca...
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