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Mortgage update-- November 17, 2008

Date: Nov. 17, 2008
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It looks like an interest rate for a 30 yr conventional loan is aroung 5.75% right now.  What a great rate and a great time to purchase a home.  Today was not a good day on the stock market but it is Monday!!  I heard lately that when the market settles down inflation will go up and interest rates could increase by 2 percent in the next couple years.  We will see! 

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