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According to its October report, which is based on data from over 30 major lending institutions, all serving the New York residential marketplace, both of the two most popular fixed-rate mortgage products dropped during the month as did four of the five leading adjustable rate mortgages. The Group I mortgage pool consists of first lien, second liens, adjustable-rate and fixed-rate mortgage loans that have a cut-off date pool balance of $144,026,335. The 30-year fixed-rate mortgage ruled, and if you didn't like it, tough - keep renting. |
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