Industry News

Fed pauses, mortgage rates dive

Adjustable-loan borrowers may rush refi market
Published on Aug 10, 2006

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by CareyBot

Mortgage rates dropped for the third consecutive week after the release of a disappointing labor market report and the Federal Reserve’s subsequent decision to discontinue its interest-rate hikes, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s ...

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