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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 - Home loan rates fell over the last week as Treasury yields fell sharply amid financial woes ...

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07-19-2008, 06:10 AM

Gurmastak Singh Gurmastak Singh is offline

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Join Date: Feb 2007

Posts: 45,834

Economy - Thursday (Investor's Business Daily)

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Investor's Business Daily - Home loan rates fell over the last week as Treasury yields fell sharply amid financial woes and views that the Fed won't hike rates this year. The 30-year fixed-rate mortgage fell to 6.26% for the week ended July 17 from 6.37% a week earlier, Freddie Mac said. The 15-year fixed-rate fell 13 basis points to 5.78% this week. The 5-year Treasury-indexed adjustable-rate mortgage edged down to 5.8%, while the 1-year ARM fell 7 ticks to 5.10%. Treasury yields have picked up in the last few days.

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