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Mortgage rates are benefitting from trouble in Egypt

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On Friday, it was very clear that global investors shed risky assets like Stocks, and fled into the safe haven of the US Dollar and US Bond market, helping Bond prices improve.  The situation in Egypt is far from over, and it would not surprise us to see prices improve from current levels and remain above the 25-day Moving Average.  Mortgage rates are sure to benefit – atleast in the short term.

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Chad VonHoven has written 12 articles on Real Estate Financial – Get a fast qoute

Chad VonHoven has been involved in commercial and residential mortgage lending for greater than 10 years. He is a graduate of Georgia Tech and an accomplished Airline Transport Pilot.

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