Thursday, September 11, 2008
Flash: Rates continue to go down after the Fannie/Freddie bailout. The 30 year fixed rate is reported at 5.93%, down .6 over the past 4 weeks. Quotes from local mortgage brokers are coming in as much as a half point below that number. Refinancings are picking up- up 18% over the past 3 weeks. The full story from CBS Marketwatch.