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Why Interest Rates Are Rising

March 9, 2021 By Joe Wallace Leave a Comment

In 2020, housing market interest rates hit and remained at historic lows. Government-backed home loans and refinance loans plunged into the low two percent range with a 52-week average for these mortgages and refinance loans at roughly 2.25%.  I wrote about these conditions all through 2020, and the number of people including those in my own family who refinanced their home loans last year or in early 2021 was probably higher than any time in … [Read more...]

Filed Under: current events, debt reduction, economy, interest rates, money, net worth Tagged With: economics, home loan interest rates, interest, money, mortgage, saving advice, saving money

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