Friday, December 27, 2013

DailyMarkets.com - US Mortgage Rates Rise Again This Week

DailyMarkets.com - US Mortgage Rates Rise Again This Week


US Mortgage Rates Rise Again This Week

Posted: 27 Dec 2013 06:14 AM PST

This week mortgage applications decreased 6.3% compared to the previous week, while mortgage rates have increased across the board, except 1-year adjustable-rate mortgages, which decreased slightly this week.

The purchase of new US homes in November reached a 5-year high and was well above the estimated amount. This is a very positive sign of the housing recovery despite the increase in mortgage rates we have seen recently.

According to Freddie Mac, 30-year fixed-rate mortgages … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

No comments:

Post a Comment