master mortgage info for a broker: Mortgage rates drop for third week; 30-year at 5.14%(Mortgage New , Yonkers NY )
- 07/16/09 10:05 AM
Mortgage rates drop for third week; 30-year at 5.14%(Mortgage New , Yonkers NY ) The Interest Rate on 30 years dropped to 5.14% ending week for July 16, 2009. This is lowest since the week ended may 28, the drop in rate is a positive for the housing market, which has been showing signs of stabilization, with sales rising and home price declines moderating in many regions of the country. Mortgage rates remained above 5% for a seventh straight week. Experts say mortgage rates at 5% and below are the levels needed to make a significant impact on home
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