Strong Black Friday May Lift Mortgage Rates

By:: Bill Rice - MortgageLoan.com

Off a stronger than expected Black Friday and weekend of holiday weekend retail sales mortgage rates may lift. However, the impact of the new $800 billion in rescue funding by the US Treasury and Federal Reserve is expected to continue to create long-term downward pressure. There are also several economic reports scheduled for the week. So look for more choppiness in the mortgage rate market.

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30 yr fixed	3.72
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