Industry News

Fed action sends real estate rates lower

Financial markets 'breathe a sigh of relief'
Published on Dec 15, 2005

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by CareyBot

Mortgage rates dropped this week following Tuesday’s Fed announcement that its 13-month-long interest rate hikes may be winding down, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage averaged 6.3 percent for ...

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