UPDATE: Fed Cuts Give Strapped Homeowners More Breathing Room (Nasdaq)
Story date: 2008-01-23 09:36:10
Added on: 2008-01-23 22:19:37
CHICAGO (Dow Jones) -- Homeowners facing resets on their adjustable-rate mortgages or hoping to refinance into less-burdensome loans may be the biggest beneficiaries of the Federal Reserve's surprise rate cut this week as mortgages continue to get cheaper.
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