Mortgage Interest Rates Down
Bankrate.com reports that for the week ending February 6, "The benchmark 30-year fixed-rate mortgage fell 10 basis points, to 5.78 percent ... One year ago, the mortgage index was 6.31 percent; four weeks ago, it was 5.88 percent."
To read more: Bankrate.com
Purchase Applications Up
The Mortgage Bankers Association reports that for the week ending February 1, mortgage applications were up for purchases, down for refinances.
To read more: Mortgage Bankers Association