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October 11, 2006
Interest Rate Trends for Mortgage Refinance and Home Equity Loan
For the last twenty years Federal Reserve Bank Chairman Alan Greenspan has controlled the interest rates at which banks lend money to people seeking home purchase loans, mortgage refinance, and home equity loans. The Federal Reserve increases or reduces key interest rates in an effort to control the growth of the economy. As a result banks and other money lenders, in order to protect themselves against changes in the interest rate, began lending money at variable and adjustable
From Interest Rate Trends for Mortgage Refinance and Home Equity Loan
Posted by Sean at October 11, 2006 05:33 PM
