DailyMarkets.com - Consumer Confidence Increases Despite Increasing Mortgage Rates

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Consumer Confidence Increases Despite Increasing Mortgage Rates Posted: 28 Mar 2014 06:00 AM PDT This week mortgage applications decreased 3.5% compared to last week while almost all mortgage rates have increased, according to Freddie Mac. This month consumer confidence also increased, which could mean a boost for the economy, due to the higher consumer spending projections. 30-year fixed-rate mortgages increased this week to 4.4% compared to 4.32% last week. This is one of the highest 30-year rates we've seen this year, with the exception of the first two weeks of January 2014. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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