Industry News

Mortgage industry pegs 30-year rate at 6.5% by year-end

Home sales, loan production projected to decline in '07
Published on Jan 17, 2007

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The Mortgage Bankers Association expects the interest rate on a 30-year fixed-rate mortgage to jump from 6.2 percent to 6.5 percent by the end of the third quarter, as investors lose hope that the Federal Reserve will slash short-term rates ...

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