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'Fiscal Cliff' Repercussions Could Stretch in 2014: BofA CEO
Posted to: Around The Web
Tuesday, December 04, 2012 2:10 AM

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As President Obama and Republican leaders race to avoid the fiscal cliff, Bank of America CEO Brian Moynihan says the uncertainty has already hurt business spending for next year and that no resolution by year-end presents not only a near-term recession risk but also the possibility of longer negative effects.

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Mortgage Rates:
  • 30 Yr FRM 3.81%
  • |
  • 15 Yr FRM 2.97%
  • |
  • Jumbo 30 Year Fixed 3.93%
MBS Prices:
  • 30YR FNMA 4.5 107-05 (-0-01)
  • |
  • 30YR FNMA 5.0 108-02 (-0-01)
  • |
  • 30YR FNMA 5.5 108-14 (0-00)
Recent Housing Data:
  • Mortgage Apps -9.77%
  • |
  • Refinance Index -11.66%
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  • NAHB Builder Confidence 4.76%
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