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Fixed-Rate Mortgages: What You Need to Know

Fixed-rate mortgages are the chicken soup of home loans. In an uncertain world, they stand out for their comforting reliability. Today, a fixed-rate mortgage is nearly every borrower’s choice. In July 2017, 87% of mortgage purchase applications were for 30-year, fixed-rate loans, and 94% of all mortgage purchase applications were for fixed-rate loans, according to…


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