For the most part, mortgage rates were up this week, even though Treasury yields fell. Usually, mortgage rates decline when Treasury yields fall. Read more at bankrate.com:
http://www.bankrate.com/brm/news/bank/Aug1607_interest_rate_roundupa1.asp?s=2#tab
USAToday.com says interest rates dropped and demand surged:
http://www.usatoday.com/money/economy/housing/2007-08-08-mortgage-apps_N.htm
Keep a watchful eye on rates and stay in close contact with your mortgage lender. If you'd like recommendations on a local lender, I'll be happy to email you a list, kehoe@move2va.com.
Happy house hunting!
Karen
www.move2va.com
Friday, August 17, 2007
Mortgage rates up slightly this week to 6.68%
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