Rate State Shows How Rising Home Mortgage Rates Send Buyers Running to Purchase in Summer of 2013

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The consumer resource for Home Loans, Rate State, shows how rising mortgage rates cause homes sales to reach record highs.

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A great home purchased with an affordable Home Mortgage

Consumers are able to stay on top of the home mortgage refinance market by comparing quotes online.

30-year fixed mortgage rates have not increased for the last 5 years which has home owners running to buy their next home. According to the leading government buyer of home loans, Freddie Mac, interest rates are at their highest levels in more than a year. While some might speculate increases due to increased demand during the summer, the home building market boom brings a clear message to home shoppers: they need to buy their homes soon.

Thankfully, consumers are still able to stay on top of the home mortgage refinance market through Rate State's easy to use quote comparison tool. According to the "Houston Chronical" Rate state continues to provide lower interest quotes over more traditional local lenders.

Home buyers are comparing mortgage rates here.

Their unique system provides users with an easy to use free quote comparison tool that takes users an average of just 2 minutes to find the lowest quotes from their local market.

About Rate State

Rate State helps consumers compare today’s mortgage rates through their online comparison tool to ensure they are getting the best rate for their home mortgage or refinance before making their next purchase. They provide consumers with access to the information they need in order to make a decision potentially saving thousands of dollars over the term of their next home loan.

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John Danton
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