DailyMarkets.com - US Mortgage Rates Decrease After Three Weeks Of Rising Rates

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US Mortgage Rates Decrease After Three Weeks Of Rising Rates Posted: 22 Nov 2013 05:45 AM PST This week mortgage applications decreased 2.3%, which is most likely due to the increase in mortgage rates we have seen during the past 3 weeks. However, this week, fixed rate mortgages have decreased along with 5-year adjustable-rate mortgages, while 1-year rates have remained at the same level. This decline in mortgage rates is just what the economy needs, especially since in October the purchase of previously owned homes in the US fell to its lowest level in 4 months. Looking at … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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