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Being an online mortgage lender means that PennyMac can focus on the needs of its customers rather than maintaining a network of branches and banking products. The company’s licensed loan officers undergo extensive education, testing and training to help.

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The growth in the mortgage rate raised 30-year fixed-rate monthly payments on a hypothetical $165,000 mortgage to $806.88, a difference of $8.69 from last week. Check Mortgage Rates Other Dallas.

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