Friday, July 5, 2013

DailyMarkets.com - US Mortgage Rates Decrease Along With Mortgage Applications

DailyMarkets.com - US Mortgage Rates Decrease Along With Mortgage Applications


US Mortgage Rates Decrease Along With Mortgage Applications

Posted: 05 Jul 2013 08:10 AM PDT

This week mortgage applications decreased 11.7% compared to last week while mortgage rates have finally begun decreasing after reaching their highest levels since 2011.

According to Freddie Mac, 30-year fixed-rate mortgages have decreased from 4.46% last week to 4.29% this week, although this is still one of the highest rates we've seen in the past two years.

15-year fixed-rate mortgages also decreased this week to 3.39% compared to 3.5% a week earlier. This is one of the highest rates … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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