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May 10, 2006

Mortgage Rates Soar As Fed Raises Interest Rates

Posted in: Bloggers,Economy,Real Estate

The Real Estate Bloggers has a post on the rising interest rates and how it may affect your mortgage.

The Fed has raised the interest rates again today to 5.00% and a 30 year mortgage is at 6.61%. If you are in an Adjustable Rate Mortgage (ARMs) now might be the time to refinance.

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