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RE: >U.S Mortgage Rates Rise for a 6th Consecutive Week Mortgage rates were on the rise once more last week. The upward trend in rates and home prices is beginning to take effect on refinancing and demand.
Many economic factors influence the growth of the key mortgage rate. In such a period, people began to refrain from taking new mortgages. But there is a way out of this situation. I suggest contacting a mortgage counselor to help you get the best mortgage available. Read about do mortgage lenders take overtime into account, maybe it will help you. Wait for a period of declining interest rates and refinance your mortgage at a lower interest rate. It's a common practice for people who need a home in a hurry and doesn't have time to wait for a rate cut.