Mortgage Rates Continue To Inch Down With One Glaring Exception
Mortgage rates continued to decline by baby steps as
reported by Freddie Mac in its Primary Mortgage Market Survey. The 30-
year fixed-rate mortgage (FRM) averaged 6.20 percent with 0.5 point
during the week ended November 21. The previous week it averaged 6.24
percent with 0.4 point. One year ago the 30-year averaged 6.18
percent.
The Weekly Mortgage Applications Survey conducted by
the Mortgage Bankers Association for the week ended November 23 showed a
strange pattern in interest rate changes…
Original post by Darin