AgentIndustry News

Fed doesn’t blame shaky economy on oil prices

Mortgage rates hold below 6%
Published on Oct 15, 2004

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by CareyBot

Long-term interest rates made another run at the lows of the year, the 10-year T-note approaching 4 percent, mortgages briefly below 5.75 percent, but today both moved back up toward the baseline bottom of the last couple of months, aided by a speech by Federal Reserve Chairman Alan Greenspan in which he indicated little concern for oil supplies or prices.

Economic data continued on the soft side ...