Warning: Get ready for a wave of misleading news about mortgage rates

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By Jonathan Smoke | realtor.com

We are bombarded by info about mortgage rates. You can’t even listen to the radio for long these days without hearing an ad imploring you to “refinance now, as rates have turned lower.”

Here’s the problem: Much of the general rate information reported to consumers is just too old and generic to be helpful to actual living, breathing people, spiffy commercials notwithstanding.

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