Industry News

Job gains push mortgage rates up

Fed less likely to cut key interest rate this month
Published on Oct 11, 2007

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by CareyBot

Long-term mortgage rates this week inched higher after September’s employment report reflected a stronger-than-expected economy, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage edged up to an average 6.4 percent from ...

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