Mortgage Rates Start The Week By Falling, May Drop More
Normally, an improving jobs economy would lead mortgage rates higher but the unexpected effects of Hurricane Sandy, which forced the exchanges closed for 36 hours and which has caused an estimated $ 50 billion in hurt sparked some safe haven …
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Mortgage rates hover near or at historic lows
“Mortgage rates remained more or less unchanged this week as home construction builds up steam,” Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement. “Construction on single-family homes jumped to an annualized rate of …
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