Friday, August 26, 2005

Long Term Mortgage rates down for second week in a row

As reported on Bankrate.com, for the week ending August 24, 2005 "The benchmark 30-year fixed-rate mortgage fell 2 basis points to 5.86 percent ...Mortgage rates had risen six weeks in a row, from the beginning of July into mid-August. Now they have gone down for two weeks.".

For more info and more interest rates, go here here.



Greenspan sending up another caution flag

Did you read/hear the comments by Alan Greenspan today? Once again, his words are urging caution in the housing boom, in our opinion.

Read more about it on Reuters.com

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