27.05.2011 - Real estate growth has already started
Weekly Mortgage Activity hit a lull as contracted average mortgage rates increased last week, but an important component data-point within the Mortgage Bankers Association report reminded us that better days lie ahead for housing. In fact, they appear to have already begun. Mortgage activity had benefited over recent weeks on the precipitous decline of mortgage rates. But last week, as average contracted rates on 30-year and 15-year fixed rate mortgages increased to 4.69% (from 4.6%) and 3.78% (from 3.75%), respectively, activity lulled..............................................Full Article: Source
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