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Archive for December 15th, 2008

“Rates Approach Record Lows”
Since the Fed announced a plan to purchase $500 billion of mortgage-backed securities on November 25, mortgage rates have moved progressively lower, and the trend continued this week.  Conforming fixed-rate mortgage rates dropped to levels last seen in 2003.  Weak Retail Sales data and low inflation figures released during the week also [...]

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