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...Even the US has yet to see a self-sustaining recovery while “the Bank of Japan has its work cut out”, argues Mike Amey, head of sterling portfolios at Pimco....
...Mike Fratantoni, MBA’s vice-president of research and economics, said the average interest rate on a 30-year fixed-rate mortgage fell to 3.53 per cent from 3.63 per cent last week, a new historic low....
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