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Mortgage-Seekers Benefiting From Fed's New Credit Plan

Source: Washington Post
Washington : DC : USA | about 1 month ago
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But for those hoping to use plastic more freely this holiday season, they likely will have to wait. The Fed's $200 billion plan immediately sparked a drop in the average rate for a prime 30-year fixed-rate loan, from 5.8 percent on Monday to 5.5 percent yesterday, said Guy Cecala , publisher of Inside...

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