Friday, January 3, 2014

DailyMarkets.com - 2014 Starts Off With Mortgage Rate Increase

DailyMarkets.com - 2014 Starts Off With Mortgage Rate Increase


2014 Starts Off With Mortgage Rate Increase

Posted: 03 Jan 2014 04:13 AM PST

This year, 2014, has started out with an increase in all mortgage rates except for 1-year adjustable-rate mortgages, which have remained at the same level as they were last week. And during the last week of December, mortgage applications decreased 6.3% compared to the previous week, signifying a slow recovery of the economy at the end of 2013.

Mortgage rates this week are at their highest levels since September 2013, making it more costly for soon-to-be-homeowners to purchase a house, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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