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  • Mortgage rates drop

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Mortgage rates drop

Homeowners may be able to take advantage of the lowest mortgage rates in almost 4 decades. Interest rates are getting close to 5 percent, and a Federal Reserve plan could bring them even lower in the New Year. Makaiya Brown reports from New York.

Reuters | December 31, 2008Watch more videos from Reuters

Tags:. .homeowners. .mortgage. .advantage. .decades. .lower











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