If you saw what the rates were doing in March you wouldn't think that way. They went from 5.75 at the end of February(30 year fixed) to 6.125% by mid March. The financial experts on Bankrate even agreed that people who were looking to buy were looking down the throat of rates going upward of 7% at that time. It appeared to me based on the economy during that time, that this did in fact make sense.
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