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