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PUBLIC MARKS from ryanu with tag "home equity"

26 August 2006 02:15

Homeowners rush into fixed-rate mortgages

Yesterday I wrote about interest rates for 30 year fixed mortgages dropping for four weeks in a row. Lo and behold the public has noticed:

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Mortgage Rates Drop for 5th Straight Week

It’s official. Interest rates are on their way down. Freddie Mac’s report is a lagging indicator as most customers don’t know that they can expect a lower rate than they are being offered

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