Economy - Wednesday (Investor's Business Daily via Yahoo! News)
The Mortgage Bankers Assn.'s applications index hit a 4-month high of 661.7. Refinancing demand rose as interest rates fell 0.24 percentage point 15 an average 5.82%. "The drop in mortgage rates reflected the Treasury's announcement that Fannie Mae and Freddie Mac were placed under conservatorship of the Federal Housing Finance Agency," said Orawin Velz, MBA vice president of economic ...
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The Mortgage Bankers Assn.'s applications index hit a 4-month high of 661.7. Refinancing demand rose as interest rates fell 0.24 percentage point 15 an average 5.82%. "The drop in mortgage rates reflected the Treasury's announcement that Fannie Mae and Freddie Mac were placed under conservatorship of the Federal Housing Finance Agency," said Orawin Velz, MBA vice president of economic ...
Read More.. and DISCUSS