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Mortgage Rates Climb For Third Straight Week |
Longer term mortgage rates hit 2007 highs during last
week according to the results of Freddie Mac's Primary Mortgage Market
Survey. With the exception of the one-year adjustable rate mortgage (ARM)
rates have gone up 20 or more basis points in the last two weeks.
"Interest rates on fixed-rate mortgages increased further this week
following stronger growth in orders for durable goods," said
Frank Nothaft, Freddie Mac vice president and chief
economist. "Recent reports have indicated that...
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PG Broker News |
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