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adjustable rate mortgage rate drops again (to lowest rate in history)
<em>Iâve put the May 2004 index rate in bold in the chart below. For those of up with adjustables based on the 11th district rate, we say, "woo hoo". The impact this has is another chunk of spendable income has just be injected into the economy offseting the 25 basis point increase of yesterday. I doubt the Kerry campaign even understands this stuff, but if they did they would have some trouble making it fit into their narrative of misery 2000 2001 2002 2003 2004 January 4.901 5.514 2.823 2.308 1.811 February 4.967 5.426 2.744 2.257 1.841 March 5.002 5.198 2.653 2.210 1.815 April 5.078 4.946 2.723 2.208 1.802 May 5.196 4.745 2.772 2.130 1.708 June 5.357 4.498 2.847 2.113 July 5.456 4.274 2.821 2.018 August 5.509 4.106 2.763 1.946 September5.548 3.974 2.759 1.923 October 5.589 3.628 2.708 1.909 November 5.607 3.368 2.537 1.821 December 5.617 3.074 2.375 1.902 Posted by: mhw 2004-07-01 |
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