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Real Estate Update

July 2004

By Theresa Johnston, About.com

Although the rate on this month’s Pulse shows an average of 6.31% for June, it does not reflect the new rates that we will see in the coming months due to the Feds raising the federal-funds rate by a quarter of a point yesterday. Mortgage interest rates should continue to rise throughout 2004, but only at a modest pace. The feds had not tinkered with the rates in almost four years.
From The Orlando Regional Realtor® Association

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