2008-06-13 — signonsandiego.com
Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns that the Federal Reserve might be preparing to raise interest rates.
Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns that the Federal Reserve might be preparing to raise interest rates.
WRONG! This is because the supply of debt is exploding.
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