Are Mortgage Rates Going Up?

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Are Mortgage Rates Going Up?

Are Mortgage Rates Going Up?

Rate drops make sense in the grand scheme, considering that when people have less money, the interest rates drop to encourage them to borrow money. This does seem a bit backwards however since unemployed people have a difficult time paying back the money they borrow. They are a high risk. High risk borrowers drive the interest rates up. But debt seems to be the American way, whether you have money or not.

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