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Record low mortgage rates toss housing a lifeline

December 22nd, 2008 · Permalink



A view of a neighborhood in the town of Superior, Colorado, a Denver suburb February 27, 2006. (Rick Wilking/Reuters)Reuters - With the $500 of monthly savings Jim Hennessy of San Diego gained by cutting the rate on his $417,000 mortgage, he plans to rebuild his beaten-up retirement account and maybe even take a cruise.


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