Saturday, September 24, 2005

Mortgages rise after Fed decision

St. Paul Pioneer Press | 09/23/2005 | Mortgages rise after Fed decision: " Rates on 30-year mortgages rose a second straight week as financial markets reacted to the decision by the Federal Reserve to keep pushing interest rates higher because of worries about inflation.
Mortgage giant Freddie Mac reported Thursday that the nationwide average for rates on 30-year, fixed-rate mortgages rose this week to 5.80 percent, up from 5.74 percent last week"
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