Long term mortgage rates down - for the first time in 5 weeks
But, short term mortgage rates are up. According to Bankrate.com, "The benchmark 30-year fixed-rate mortgage fell 3 basis points to 6.34 percent...One year ago, the mortgage index was 5.72 percent; four weeks ago, it was 6.17 percent...The 15-year fixed-rate mortgage fell 3 basis points to 5.99 percent. The 5/1 adjustable-rate mortgage rose 3 basis points to 6.08 percent."
To read more: February 22 mortgage rates report