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39% drop in refinancing; Denver drops 44%; Is 5% the magic number?

Mortgage rates for a 30-year mortgage bottomed our around 3.4% in July of July of 2016.  Rates recently broke through the 5% mark and the 10-year treasury just hit a 7-year high.  At the same time Well’s Fargo announced it was laying off over 600 mortgage workers and many other banks have followed suit.  What is the market telling us? Is Denver a harbinger of...

The post 39% Drop in refinancing; Denver drops 44%; Is 5% the magic number? appeared first on Fairview Commercial Lending.



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39% drop in refinancing; Denver drops 44%; Is 5% the magic number?

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