Wednesday, June 26, 2013

Zillow 30-Year Fixed Mortgage Skyrockets By Massive 50 bps In One Week To 4.38%, Most Since 2011

from Zero Hedge:
Goodbye housing (non)recovery… except for those private equity-cum-landlord firms and offshore oligarchs who pay all cash of course. “The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 4.38 percent, up fifty basis points from 3.88 percent at this time last week. The 30-year fixed mortgage rate hovered between 3.82 and 4 percent late last week, before spiking up near the current rate over the weekend. This represents the highest rate on Zillow Mortgage Marketplace since July 2011.”
Read More @ ZeroHedge.com
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