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Costco Gets into the Mortgage Business

No word on whether they'll get into the jumbo mortgage market to keep with the theme, but Costco is now in the mortgage business. The Seattle-area bulk retailer partnered with a bank to create their mortgage program which touts its low closing costs in particular. The article includes a quote from someone that got a 4% rate on a 30-year fixed mortgage, so Costco's definitely playing with the bog boys (if they're not one already). [CNN Money]