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Mortgage rates drop dramatically

Mortgage chart

Mortgage chart

For those looking to buy, 2011 should be another great year to finance a home. Though potential homeowners will face more requirements from lenders looking for higher credit scores and more documentation of income and debt, low mortgage rates should still be attractive to many.

Rates are expected to rise this year, but historically these mortgage options remain low—an appealing point to potential homeowners. Hiring a highly rated mortgage company could be the key to getting a foot in the door of your own home.



 

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