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Mortgage rates just tanked

Dated: 03/21/2019

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Mortgage rates just tanked, and they could go even lower

By Diana Olick

Mortgage rates fell quickly after the Fed's announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower.

The average rate on the popular 30-year fixed, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent, according to Mortgage News Daily. That is the lowest in over a year and 19 basis points lower than a year ago. The rate had surged to over 5 percent at the start of November, which caused home sales to fall sharply in December and January.

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Alberto "AJ" Stapleton

Alberto is an experienced SMART REALTOR® Broker with over 20 years in the residential market. He acquired his first investment property back in 1996 and joined the ranks of Real Estate agent in the y....

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