Rates Better But Activity Worse

Posted by admin on Thursday, March 11th 2010   

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11
Mar

The average 30-year fixed-rate mortgage fell 2 basis points from the prior week in Freddie Mac’s latest Primary Mortgage Market Survey.

Freddie said the average one-year adjustable-rate mortgage improved 5 BPS from a week earlier.

New loan activity was down 3% from last week, with the latest Mortech-MortgageDaily.com Mortgage Market Index declining to 34.00 inquiries-per-user from 35.21 a week earlier.

More: continued here

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