Mortgage Rates Continue Uptick While Refinancing At Two Year Low
Mortgage rates barely moved during the past week according to Freddie Mac reporting for the period ending May 4 and the Mortgage Bankers Association for the week ending May 5. While the trend continued, as it has for some time, to be up for most products the one-year adjustable rate mortgage (ARM) actually declined according to both organizations.
Applications to refinance as a percent of overall mortgage activity decreased to ...
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