AgentIndustry News

Fed rate cut likely next week

Commentary: Credit crunch's effect on housing could intensify
Published on Sep 14, 2007

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by CareyBot

The credit panic appeared to stabilize on Wednesday, interest rates rising a bit, but the crunch found new legs today on news of sinking retail sales. At week's end conforming mortgages are a hair under 6.5 percent, the gap to vanilla jumbos closing to roughly a 0.5 percent premium, half of the worst in August ...

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