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Mortgage rates rising

Why Are California Mortgage Rates Rising?

Mortgage rates in California worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years.  Because of  the rising rates, homeowners have lost roughly 10% of their purchasing power since November. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This […]

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