Wednesday, May 17, 2006

Mortgage Rates Continue Uptick While Refinancing At Two Year Low


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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