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    Tag: oct 20 2009 mortgage rates

    Rate Update October 20, 2009

    Mortgage rates are lower this morning. This morning prices at the wholesale level were reported and showed a larger than expected drop.  On a year-over-year basis the Producer Price Index dropped by 4.8%.  Low inflationary pressure is good for long-term mortgage rates. In addition, the Commerce Department reported this morning that housing starts were flat [...]