Why you can expect mortgage rates to creep toward 5% this summer

First, may as well get the embarrassing part over: the Fed raised its rate today, and mortgage rates fell. “Fell” is a bit of an overstatement, the decline no more than a fractional point — a large loan, fine credit, 80 percent, 30-year fixed still sits between 4.375 percent and 4.50 percent …

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