Mortgage Rates Swing Upward Again This Week
Mortgage interest rates have been seesawing like the
stock market over the last few weeks and this week they again took some
mega-jumps.
Frank Nothaft, Freddie Mac vice president and chief
economist said in a press release, “Long-term mortgage rates followed
long-term Treasury bond yields higher this week, pushing fixed-rate
mortgages up to levels of two weeks ago. ”The Federal Reserve’s 0.50
percentage point cut…
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Published in Mortgage News, October 30th, 2008
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