The New York Daily News published an article by Kimberly Palmer on Monday regarding the effect on mortgage rates due to the failure of Lehman Brothers and the sale of Merrill Lynch to Bank of America. The bottom line effect is a temporary lowering of mortgage rates. Click here to read a copy of Ms. Palmer's article.
Mortgage Rates Fall On News of Lehman's Failure and Merrill Lynch Sale
Labels:
Financing
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Hot Off the Press
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Purchase and Sale
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