30-Year Fixed Rates Take a Short Hike

The rates may not have been as prepared for the long climb up Mount Ratemore as they thought, because this week, the rates are still near the bottom (i.e. historic lows). Chances are they may rally and rise up again, though, so don't get too comfortable. Word on the street is that they're calling in the big guns to come and give them a boost. We'll just have to watch and see what happens.
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