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Mortgages : Fed Tough on Inflation, May Raise Rates Again

Blogger : Mortgage News | Quicken Loans
All posts : All posts by Mortgage News | Quicken Loans
Category : Mortgages
Blogged date : 2006 Jun 07

The Federal Reserve may raise short-term interest rates for the 17th time in a row at the end of the month. Homeowners with ARMs are having an increasingly hard time because of their rising payments, prompting them to refinance into fixed-rate mortgages. What's the good news for those looking to buy a home?

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