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Mortgage Rate Information 4/8/2013

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Rates have dropped dramatically over the last week as we have moved from the high of the current range at 2.1% on the 10 year treasury to under 1.7%.  This has been a quick 20% decline due to slowing global growth, worse employment figures and the Cyprus bank issue bringing about fears of European contagion.  The 10 year treasury is only 17% away from its all time lows, a repeat of last week would put us at our lowest rates ever.  It seems as long as the Fed is buying bonds the refinance will continue to save homeowners money.  Call today to ensure your saving as much as you can.  858-829-2243