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Rates Fall & Rise at the Speed of … Money

March 25th, 2009 · Comments Off on Rates Fall & Rise at the Speed of … Money

For the fifth time in a year, rate shoppers learned an important lesson this week: When mortgage rates plummet unexpectedly, they often recover just as fast. Wednesday, the Federal Reserve’s newest $750 billion mortgage market pledge helped to push conforming mortgage rates near their lowest levels since WWII. 24 hours later, however, those rates were […]

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Tags: Economy · Mortgage Lending · Real Estate