DailyMarkets.com - US Mortgage Rates On The Rise While Mortgage Applications Decrease

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US Mortgage Rates On The Rise While Mortgage Applications Decrease Posted: 17 May 2013 06:05 AM PDT This week all mortgage rates have increased compared to the previous week when 1-year mortgage rates were at a record low. This is the second time this year that all mortgage rates rose simultaneously, something that hasn't occurred since January 31, 2013. Due to this rise in mortgage rates, there has been an big decrease in mortgage applications this week, which fell 7.3% compared to a week before. This week 30-year fixed-rate mortgages have gone up to 3.51% compared to last week when … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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