Rates Climb Back Up to Early January Levels

What the market gives the market takes away. As you can see the 30 year mortgage rate is almost back to where it was earlier this year (2008). The ride back up has been very volatile, with two and on occasion three rate changes on any given day. Sometimes the changes have been in the opposite direction and has occurred within hours. Sign of the times.

Mortgage Rates Jan-Feb 2008

Data source: Freddie Mac

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