Archive for May 2nd, 2007

Mortgage Rates Inch Downward

Wednesday, May 2nd, 2007

To use the word "drift" in conjunction with the mortgage market the past week would be suggesting too much energy in mortgage rates and in the market.

..."Recent economic data releases showing weaker existing home sales in March, coupled with lower consumer confidence in April, caused the market to pause and reevaluate the potential growth of the economy this year," said Frank Nothaft, Freddie Mac vice president and chief economist. "This allowed all mortgage rates..." Read More Now