Industry NewsMortgage

Mortgage rates a hair above record lows

Fed announces no changes to existing monetary policies
Published on Apr 26, 2012

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by CareyBot

Mortgage rates eased slightly this week, staying near record lows amid uncertainty about the strength of the economic recovery.

The Federal Reserve's Open Market Committee said Wednesday that it expects to maintain "a highly accommodative stance for monetary policy" to support a stronger economic recovery, but announced no changes to existing policies.

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