A few signals of stronger economic growth pushed money into stocks at the expense of bonds, and mortgage rates closed the week on an upward bent. According to the nation's leading survey of mortgage pricing, the average 30-year fixed-rate mortgage (FRM) rose by a single basis point to 6.81%, and five-one Hybrid ARMs followed suit, ending the week at an average 6.48%.
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Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty
The pendulum is swinging again - thanks for the update - it will be interesting to see if the trend continues.
Jul 10, 2007 06:24 AM
Zeus Construction - Canton, MA
Construction. Development. Investment.
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland
And again, and again, and again. While they are at it, HUD should tighten up on FHA guidelines and, oh yeah, Fannie Mae should tighten up on their guidelines.
Just kill the real estate industry for another 5 years.
Jul 10, 2007 06:34 AM
Rainmaker
42,571
42,571
Jeff Schraeder
Discover what others have, no one works harder to get you your dream house. Our experienced staff is here to work with you to develop your loan application quickly, accurately, and honestly to make the strongest case for you. Then we shop our network of wholesale lenders to find the loan program that fits you best.
We pride ourselves in helping you get your questions answered with prompt, courteous service. We never forget that it is personalized one on one service that sets us apart from the rest.
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