DailyMarkets.com - 1-Year US Mortgage Rates Reach Record Low While Mortgage Applications Increase

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1-Year US Mortgage Rates Reach Record Low While Mortgage Applications Increase Posted: 10 May 2013 05:39 AM PDT This week mortgage applications have increased 7% compared to last week, which is a very large increase considering that last week mortgage applications only increased 1.8%. At the same time, this week 1-year adjustable-rate mortgages have decreased to a new record-low, in contrast to most other mortgage rates which have increased this week above their record low levels. 30-year fixed-rate mortgages have had quite a large increase this week, reaching 3.42% compared to 3.35% last … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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