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Mortgage rates climb for fourth straight week as easy money crackdown begins – An "Open House" sign is displayed as potential home buyers arrive. The specter of rising rates has prompted more Americans to apply for a mortgage: applications hit a nine-year high in recent weeks.
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Can I buy an investment property with a USDA loan? No, you may only use a USDA loan for a home that you personally occupy as the owner. In loan terms, this is called your primary house. Can I finance the loan costs into the loan? Yes, you may finance the closing costs and the upfront mortgage insurance into the loan.
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