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Economy - Thursday (Investor's Business Daily)

This is a discussion on Economy - Thursday (Investor's Business Daily) within the Announcements forums, part of the Sikh Business Network category; Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week ...

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07-07-2008, 05:42 AM

Gurmastak Singh Gurmastak Singh is offline

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Join Date: Feb 2007

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Economy - Thursday (Investor's Business Daily)

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Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%.

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