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Mortgage update-- November 9, 2009

Date: Nov. 9, 2009
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Interest rates are still around 4.75%. This is very impressive. The housing market seems to be stabilizing. One reason could be the reduction of inventory. Analysts say that the stabilization of the market doesn’t mean that prices will rise anytime soon. Some think the supply will decline below the pre-2006 levels by the end of 2009. This is very encouraging.
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