Friday, September 21, 2012

Fed moves push mortgage back into record territory

Fed moves push mortgage back into record territory



<a href="http://www.shutterstock.com/pic.mhtml?id=52945699" target="_blank">Percent symbol</a> image via Shutterstock.

Mortgage rates were at or near record lows this week following the Federal Reserve's announcement that it will buy tens of billions in mortgage bonds every month for an indefinite period in order to reduce the cost of borrowing and stimulate the economy.

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