Industry News

Housing slowdown takes pressure off mortgage rates

Decline expected to impact consumer spending, economy
Published on Jul 27, 2006

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by CareyBot

Mortgage rates dropped this week as markets bet the Fed would soon pause its interest-rate hikes amid modest economic growth and declining home sales, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate ...

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