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Economy - Thursday (Investor's Business Daily)

This is a discussion on Economy - Thursday (Investor's Business Daily) within the Announcements forums, part of the Sikh Business Network category; Investor's Business Daily - Rates on an average 30-year mortgage fell to 6.47% in the week ended Aug. 21 from ...

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08-23-2008, 09:57 AM

Gurmastak Singh Gurmastak Singh is offline

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Join Date: Feb 2007

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Economy - Thursday (Investor's Business Daily)

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Investor's Business Daily - Rates on an average 30-year mortgage fell to 6.47% in the week ended Aug. 21 from 6.52% the week before, Freddie Mac said. The 15-year fixed-rate mortgage fell to 6%, down from 6.07%, while the 5-year adjustable rate dipped to 5.99% from 6.02%. The 1-year adjustable rate rose to 5.29%. Mortgage yields, though dipping in recent weeks, are much higher than they were in the spring. Home loan applications are at a 71/2-year low, the Mortgage Bankers Assoc. said Wed.

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