"Recovery" in 2010? Apparently not.... Mortgage rates jumped from their lowest in 2010 to their highest on Wednesday, March 24, from about 4.8 to 5.125, impacting fixed as well as adjustable rate mortgages. The last time there was such a jump, May 2009, it took about six months for the rates to get back to the lows that are now history.
Bad news for those under contract without a rate lock:
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