« NAR Report of Existing Home Sales No Surprise To Anyone | Home | Lennar and D.R. Horton Move To Staunch Housing Hemmorage »
ARM Applications Continue To Dwindle While Rates Inched Up
By admin | September 26, 2007
Frank Nothaft, Freddie Mac vice president and chief economist commented that, "Mortgage rates were largely unchanged in the previous week, with long-term rates lingering at lower levels not seen since May. The recent retreat in mortgage rates has brought in an increased volume of mortgage applications, according to the Mortgage Bankers Association, and pushed the share of applications for refinancing to the highest rate since April.
Topics: Mortgage News |