Industry News

Interest rates drop on ‘disappointing’ job news

All eyes on next week's inflation reports
Published on Jun 8, 2006

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by CareyBot

Mortgage rates reversed a three-week uptrend after lower-than-expected job growth in May eased market fears of excess inflation, according to the latest surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage dipped to an ...

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