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house prices: Mortgage News You Can Use 5/21/2008 - 05/21/08 02:45 PM

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house prices: Mortgage News You Can Use - 04/26/07 03:29 PM
 
April 26, 2007
Rate Watch - Mortgage applications ended their five-week decline last week, helped by a decline in interest
rates. Mortgage applications have slipped in recent weeks, hurt by the recent crisis in the subprime mortgage
sector, which has fueled concerns that lenders may clamp down in loans to borrowers with weak credit.
Borrowing costs on 30-year fixed-rate mortgages averaged 6.13%, down from 6.22% the previous week.
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The New Home Sales Report showed some strength. The Median Price nationwide rose 6.4% to $254,000
and the monthly inventory of new Homes fell to a 7.8 month level from last month's reading of 8.1 months.
The amount of new … (0 comments)

 
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