Industry News

Economy hikes mortgage rates

Possibility of Fed rate cut suspended
Published on Jan 18, 2007

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by CareyBot

Mortgage rates rose further this week on news of better-than-expected December retail sales and industrial production, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage inched up to an average 6.23 percent ...

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