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So, "what caused the mortgage crisis" anyway? In case you haven’t heard, we went through one of the worst housing busts in our lifetimes, if not ever. And
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US mortgage rates up; 30-year at 7-year high 4.72 percent – That would be the best performance since 2005, three years before the 2008 financial crisis pushed the U.S. into the worst recession since the 1930s. To calculate average mortgage rates, Freddie Mac.
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Mortgage rates soar to seven-year high – However, I do think the worst of the spike in rates is over and we can stay at the current levels for the coming week." The upturn in mortgage rates has begun to put a damper on the housing market..
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Weekly mortgage applications are stuck in a rut as rates rise – Mortgage rates loosely follow the yield on the 10-year Treasury. "A key manufacturing report hit its best levels in more than 14 years this morning [Tuesday], putting additional upward pressure on.