28
July
2010
July
2010
After the lowest mortgage rates in decades were recorded, applications ended up falling 4.4% last week reports The Mortgage Bankers Association. Also refinancing home loans dropped 5.9%. Mortgage rates hit a low last week, but the average for a 30-year fixed loan went up to 4.69% from 4.59% from last week and the 15-year fixed loan adjusted up from 4.05% to 4.12% after last week as well. The low rates began in mid-april after European debt terrors have given initiative to buy US Treasury bonds, which has lowered the yield on Treasury’s. We’ll continue to update you all on future rates!
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