Friday, February 08, 2008

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

AND ...

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

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