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COD_HOUSING_FED_092811. CHART OF THE DAY. Graphic shows that the Mortgage Bankers Association Refinancing Index is at about the same level as last November, while the average rate on 30-year refinancing dropped to 4.10 percent this month, the lowest in eight years of data. The Federal Reserve’s plan to reduce borrowing costs through buying longer-term and selling shorter-term securities is unlikely to help the housing market enough to bolster the economy, according to Andrew Milligan, Standard Life Investments’ head of global strategy. Size: 2C X 4in. (96.0 mm X 101.6 mm) Expected by 15:00.
-0- Sep/28/2011 15:36 GMT