Industry News

Fed action sparks rise in real estate rates

Katrina not expected to impact economy long-term
Published on Sep 22, 2005

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by CareyBot

Long-term mortgage rates rose for the second consecutive week after the Fed raised the cost of money Tuesday, according to surveys conducted by Freddie Mac and In Freddie Mac’s survey, the 30-year fixed-rate mortgage averaged 5.8 percent for the ...