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Mortgage interest rates at “surprising” 50-year low (May 2010)

by Michael Scheffe | May 25th, 2010

NBC Today Show Finacial Editor, Jean Chatzky, says that with mortgage interest rates at 50-year lows, now may be time to refi or buy.

Global financial crises have investors pouring money into US Treasuries which, in turn, pushes mortgage interest rates down.  Chatzky says this was an unexpected turn of events that is not expected to last, but rather could “change in a month” if and when the European financial crisis begins to settle.  Watch more…

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This entry was posted on Tuesday, May 25th, 2010 at 11:41 am and is filed under Real Estate Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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