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Mortgage rates go up for 1st time in 2 months

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What? | 12:49 a.m. Dec. 14, 2007
This doesn't make sense, considering they just dropped the prime rate another 1/4 point.
HERES WHAT. | 7:36 a.m. Dec. 14, 2007
OF COURSE IT MAKES SENSE. THE LENDING INDUSTRY USUALLY LOWERS RATES IN ANTICIPATION OF A PRIME RATE DECREASE AND OTHER FACTORS, UNLESS THE RESULTS ARE MORE DRAMATIC THAN ANTICIPATED, THE RATES WILL USUALLY INCREASE IMMEDIATELY FOLLOWING A FED RATE DROP.

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