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Mortgage Rates Continue The Yoyo Trend

I’m getting dizzy!

Austin Area Interest Rates

30 year fixed conventional is at 4.625% down from last week’s rate 0f 5%, FHA rate is holding steady at 5%, USDA is pretty low at 5% as well, 30 year jumbo is 5.625%.

Hopefully the metaphorical yoyo string will fray and break soon, causing the metaphorical yoyo to hit the ground staying there for an extended period of time.

 

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