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Why Mortgage Rates Go Up After the Fed Cuts Benchmark Rate - 09/23/07 01:04 AM
The Fed this week cut the benchmark rate by a full half percentage point, yet fixed mortgage rates actually rose by week's end.
Consumers are flocking to the phones expecting to refinance their mortgages into lower rates only to find disappointment.  Many are confused and some even think a banking conspiracy is afoot.
I assure you this is … (8 comments)

 
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Rob K. Blake, "The Mortgage Insider"
Denver, CO
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