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Mortgage Rates Virtually Unchanged From Previous Week
By admin | July 25, 2007
In perhaps the only good news in the mortgage and real estate worlds this week, both long and short term interest rates for the week ended July 19 barely budged from their positions a week earlier.
With hedge funds that had heavily invested in residential literally bleeding dry and announcing severely reduced earnings expectations, layoffs, or worse, more or less static interest rates had to be seen as good news.
Topics: Mortgage News |