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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Palm Beach Financial Network

Palm Beach Financial Network stories: 1 news summaries

 Mortgage Rates Plunge 
 to Lowest Ever 

But plunging house values make refinancing impossible for many homeowners

Jan 16, 09 2:12 AM CST
(Newser) - The benchmark 30-year mortgage interest rate has fallen below 5% for the first time ever as the collapsing economy continues to force interest rates down. Adjustable-rate mortgages fell to 5.25%, reports MarketWatch. But many homeowners can't take advantage of the new low rates to refinance because the value of... More »

MORE ABOUT:
Federal Reserve • Freddie Mac • Treasury Department • mortgage rates • interest rate • adjustable-rate mortgages • 30-year mortgage • Palm Beach Financial Network

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