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Do mortgage rates hit their lowest in summer and then go up from there near Christmas time?

My brother in law tells me that mortgage rates always go down in summer since most people buy homes in summer. Then they go back up near the holidays . Is this true? by RafaelJ12 from , . Aug 12th 2009 Reply

Al and Cindy Lane (Al Lane)
#1 ranked lender in Washington - 38 contributions

No. Rates usually follow the 10 yr Treasury Bond Market and can be very volitille at times. Especally in today's market.

Aug 13th 2009
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