Interest rates at 37-year low
Freddie Mac and the Mortgage Bankers Association are both reporting 30-year rates near 5% and 15-year Fixed Rate Mortgage (FRM) rates below 5% for a second week. Buyers have responded aggressively to the lower rates, with mortgage applications for home purchases up more than 10% last week. With prices dropping in both the existing home and [...]
December 28 2008, 2:48pm | Original Link »
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