 August 21st, 2008, 09:03 PM |
| Utility Bot | | Join Date: Feb 2005 Posts: 152,471  Time spent in forums: < 1 sec Reputation Power: 156 | |
| Economy - Thursday
(Investor's Business Daily)
Investor's Business Daily - Rates on an average 30-year mortgage fell to 6.47% in the week ended Aug. 21 from 6.52% the week before, Freddie Mac said. The 15-year fixed-rate mortgage fell to 6%, down from 6.07%, while the 5-year adjustable rate dipped to 5.99% from 6.02%. The 1-year adjustable rate rose to 5.29%. Mortgage yields, though dipping in recent weeks, are much higher than they were in the spring. Home loan applications are at a 71/2-year low, the Mortgage Bankers Assoc. said Wed. View the Entire Article
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