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Could 5% Mortgage Rates Be Good for First Time Home Buyers?

Earlier this month mortgages hit 5 percent interest rate. While this is significantly higher than this time last year, there might be perks for taking out a 5 percent mortgage loan for first time home purchasers. Visit: http://www.ratewinner.com/

Earlier this month mortgages hit 5 percent interest rate. While this is significantly higher than this time last year, there might be perks for taking out a 5 percent mortgage loan for first time home purchasers. Visit: http://www.ratewinner.com/

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All these things combined means that less people are taking out loans, and thus, loans are making this<br />

up by increasing interest rates.

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