Industry NewsMortgage

Economy stuck in ‘soft patch’

Growth in consumer spending falls to 3-year low
Published on Aug 2, 2004

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by CareyBot

Mortgage rates are still near 6 percent, held there by the 10-year T-note trading in the 4.5 percent range, well below the 4.8s during the worst of the April-June stretch – the one in which the Fed was presumed to be falling behind the curve of inflation and an accelerating economic expansion.

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