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Mortgage Rates and Applications Remain Relatively Flat
By admin | May 9, 2007
The two mortgage rate surveys we follow each week showed few significant changes for the weeks ended May 3 (Freddie Mac) and May 4 (Mortgage Bankers Association) although the MBA data did show a substantial change in the 30-year fixed rate mortgage (FRM) rate.
"Interestingly, the refinance share of mortgage applications has been on a downward trend from a recent peak of nearly 53 percent in December, 2006 to around 42 percent last week. But a majority of refinancing...
Topics: Mortgage News |
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