Archive for August 3rd, 2006

Mortgage Rates Continue Up and Down Pattern

Thursday, August 3rd, 2006

And this week, they are down.

Mortgage rates, that is. The one week up, two weeks down, two weeks up pattern continues as the markets try to outguess where the Federal Reserve is going with rates, fewer people apply for mortgages, and housing sales in some parts of the country also slide.

Freddie Mac's Weekly Mortgage Market Survey showed an encouraging...

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