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December 9, 2008

"Show me the Money!"

Credit Markets Waiting for Deeds, not WordsThirty-year mortgage rates, which looked poised to make a run at 5% last week, now are heading the other direction. As of this morning, long-term rates for qualified borrowers are hovering around 5.5%. What happened? It’s more like, what didn’t. The Federal Reserve and Treasury, to try to jump...
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