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The 30-year mortgage rate breaks through to a new record low, averaging 3.4% for the week ending...

The 30-year mortgage rate breaks through to a new record low, averaging 3.4% for the week ending today (down from 3.49% last week, and 4.01% a year ago), according to Freddie Mac. The 15-year rate also hit a record low of 2.73%.
Comments (1)
  • rambler1
    , contributor
    Comments (479) | Send Message
     
    This just isn't good. Wait until rates go back up and banks hold 30 year 3.5% paper, and their paying depositors the same or more. Bernanke attempts to avoid a problem now but sets up for one in the future. But he won't be in office so it won't matter. In the meanwhile trying to temper everything means those who did stupid things get a bailout while those who were smart suffer, and the cleanup just takes longer. I'm getting too old for this crap!
    27 Sep 2012, 10:19 AM Reply Like
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