Typically, when the Federal Open Market Committee cuts interest rates, like it did earlier in the week, the rate consumers pay for a mortgage loan falls. But unfortunately for borrowers, these are atypical times.
One ...
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feds, Mortgage Interest Rates, rate cut March 21st, 2008
WASHINGTON: Rates on 30-year mortgages dropped below 6 percent this week for the first time in more than a month, reflecting aggressive efforts by the Federal Reserve to cut interest rates to protect the economy ...
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Jobless claims rise
The most initial claims for unemployment benefits in seven weeks were filed last week by newly jobless workers, the U.S. Labor Department said Thursday.
Analysts consider the increased filings to be another signal of ...
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Fed actions spur drop in 30-year fixed-rate mortgages, but ARM rates still climb.
NEW YORK (CNNMoney.com) -- Borrowers looking for fixed-rate mortgages can now find the lowest rates in more than a month. But experts warn ...
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30-year fixed-rate mortgage was back under 6% this week: Freddie Mac
CHICAGO (MarketWatch) -- Long-term mortgage rates dropped sharply this week, while adjustable-rate mortgages barely budged from last week's averages, according to Freddie Mac's weekly survey ...
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WASHINGTON, March 20 (UPI) -- Interest rates for both 30-year and 15-year fixed-rate mortgages in the United States declined this week, Freddie Mac reported Thursday.
At 5.87 percent, the average 30-year fixed interest rate dropped over ...
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The Federal Reserve keeps cutting interest rates, but interest rates on mortgage loans aren't falling. Just the opposite. The chart above, from the front page of today's Globe, shows the pattern nicely.
The basic reason is ...
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Even with a three-quarter-point cut in interest rates today, homeowners shouldn't hold their breath waiting for their mortgage rates to follow.
If recent history is any guide, the Federal Reserve's aggressive rate-cutting will have little or ...
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Fed may decide to make rare 1% interest rate cut; Analysts call step far from cure-all
The Federal Reserve could make one of the biggest interest rate cuts in its history today as it tries to ...
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South Floridians are inundating lenders and mortgage brokers with requests to lower their house payments, reacting to the Federal Reserve's recent interest-rate cuts.
But that doesn't necessarily mean you'll get a cheaper deal on your mortgage. ...
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