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Market Mayhem Means Lower Mortgage Rates

Posted by mortgage 280 days ago (Editorial)
NEW YORK (MainStreet) -- The roiling global financial markets have claimed a lot of victims in the past two weeks, as about $6.8 trillion worth of equity has been lost in the stock market since July 26, but the outliers are affecting bank consumers in other ways as well. Take mortgage rates: After Standard & Poor's downgraded the U.S. debt standing last Friday, economists expected interest rates ...

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