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U.S. long-term mortgage rates rose this week but remained at historically low levels, according to mortgage buyer Freddie Mac.
Jack M.Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania and author of The Mortgage Encyclopedia.Throughout his career, Professor Guttentag has been concerned with the difficulties faced by consumers in the home loan market.
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Mortgage rates have hovered below 4% for 10 weeks now, and their impact on overall housing affordability is starting to show. According to new data, housing affordability is actually at its highest.
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