February 3, 2012
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Mortgage rates looking good for the New Year

The Fed cut mortgage rates to their lowest level in 37 years.

Fed cut interest rate to nearly 0% to preserve banks

On Tuesday, December 16, 2008, the Federal Reserve cut a key interest rate to 0-0.25 percent to prevent a looming depression. In the history of its existence, the central bank has never before created a range for its benchmark rate. 
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