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Mortgage rates are influenced by a variety of factors, rather than moving in lockstep with any one economic indicator. The stock market rises and falls for a wide variety of reasons, including global, economic and political issues, but as a broad rule of thumb, a rising stock market indicates optimism among investors about the economy.
Read MoreFor the most part, this is a discussion about time. You should compare the total costs of the difference in the two interest rates over your given time horizon.
Read MoreMonthly payments for some auto loans may not be calculated the same way a mortgage loan is.
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