Over the last couple months, mortgage rates have beaten a steady decline, down to 5.4%, according to the latest Freddie Mac Weekly Primary Mortgage Market Survey. That marks a tremendous drop – relatively speaking – from the 5.59% notched in June. ... Still, as I wrote in the previous rate ...
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Written by on September 26th, 2009
Written by on March 28th, 2009
This boost is due entirely to the expected increase in mortgage refinancing activity motivated by the drop in interest rates following last week's Federal Reserve's announcement on the Treasury bond and mortgage -backed securities purchases ... MBA projects that total existing home sales for 2009 will drop 2.5 percent from ...