After seeing mortgage rates increase in the first quarter of 2021, homeowners and buyers that are in the process of seeking mortgage loans were excited to see mortgage rates drop to the lowest levels seen in the past month.

Reliable sources in the mortgage industry view the rates holding steady or decreasing as great news due to the economic pressures that could cause rates to rise over the coming year.

This article from MortgageNewsDaily.com provides additional insight into current and future mortgage rates.  Mortgage Rates Back Near Lowest Levels in Weeks 

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