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Mortgage Rates Climb For Third Straight Week
By admin | June 6, 2007
Longer term mortgage rates hit 2007 highs during last week according to the results of Freddie Mac's Primary Mortgage Market Survey. With the exception of the one-year adjustable rate mortgage (ARM) rates have gone up 20 or more basis points in the last two weeks.
"Interest rates on fixed-rate mortgages increased further this week following stronger growth in orders for durable goods," said Frank Nothaft, Freddie Mac vice president and chief economist. "Recent reports have indicated that...
Topics: Mortgage News |