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Obama Got 'Good Deal' on Mortgage

Better-than-average rate on $1.32M loan raises eyebrows; bank says it's not unusual

By Jim O'Neill,  Newser User

Posted Jul 2, 2008 11:32 AM CDT

(Newser) – Barack Obama is taking heat for accepting a better-than-average interest rate that saves him $300 a month on his $1.32 million mortgage, the Washington Post reports. The 30-year, fixed 5.625% rate on the Democrat's Chicago home was under the 6% being offered other...   Read full story »

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