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Market News

      
    
         The U.S. Federal Reserve is expected to hold interest rates steady at a meeting this week and suggest it is in no rush to raise them, even as it acknowledges some troubling signs on the inflation front.
 
Surging oil prices and lingering financial-sector weakness are clouding some hopeful signs that the U.S. economy has weathered the worst of a credit crisis and is poised to work its way through a period of sluggishness with the help of low interest rates and the government's fiscal stimulus handouts.
 
While record-high oil and gasoline costs risk upsetting the Fed's forecast for slowing inflation, officials also remain concerned that the economy has yet to find solid footing.
 
Today's Rates
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Product              Rate              APR
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3/1ARM                          *5.875%               *5.953%
 
5/1 ARM                         *6.000%               *6.078%
 
15 Yr. Fix.                       *6.125%              *6.203%
 
30 Yr. Fix.                       *6.500%              *6.578%
 
*Rate is based on 20% down payment
*APR is based on $250,000 loan amount