Mortgage rates for July 29

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Mortgage rates for July 29

“Rates will be driven not by the Fed, not by actual inflation, not by jobs, but by anxiety as to how long the upward trend in covid cases will last,” said Dick Lepre, senior loan officer at RPM Mortgage. “If this leads to another round of shutdowns, we may have another recession. Even if covid cases subside and shutdowns are minimal, anxiety will persist. Anxiety drives money to fixed-income securities.”

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