Industry News

Fed move pulls mortgage rates down

Significant slowing in home construction also impacts market
Published on Aug 23, 2007

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by CareyBot

Long-term mortgage rates declined this week, helped in part by the Federal Reserve’s recent cut of the rate it charges banks for direct loans, Freddie Mac and Bankrate.com reported today. In Freddie Mac’s survey, the 30-year fixed-rate mortgage slid to ...

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