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Archive for the 'Economy' Category

The rate on 30-year mortgages rose for a third straight week, hitting the highest level in more than three months. The 30-year, fixed-rate mortgages averaged 6.24 percent this week, up from 6.04 percent last week. Rates on 15-year mortgages rose to 5.72 percent from 5.64 percent. Rates on five-year adjustable-rate mortgages rose to 5.43 percent [...]

Are We Stimulated Yet?

OK, we now have the Economic Stimulus Package to steer us away from a recession.  However, according to President Bush, we’re not close to a recession.  We are in a “slowdown”.  A recession, you see is far worse than what we are seeing everyday on the street.  So forget what the media is telling you, [...]

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