Mortgages, Fed Rates Hold Firm

Mortgage and Lending with Southwest Funding

Economic crosscurrents continue to provide a less-than-clear direction for the road ahead, and mortgage rates remain at elevated levels, according to the nation's widest sampling of mortgage prices. The average 30-year fixed-rate mortgage (FRM) edged one basis point lower, landing at 6.80%, while 5/1 Hybrid ARMs dumped four basis points to close the week at an average 6.47%.

Dallas Home Loan

Jeff Schraeder

Imperial Mortgage

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