Jan 16
Mortgage rates plummeted last week as week economic
reports, chiefly jobs and unemployment reports came in at the weakest
levels in several years.
The Freddie Mac Primary Mortgage Market Survey reported that the 30-
year fixed-rate mortgage (FRM) dropped 20 basis points from the previous
week to an average of 5.87 percent.
The current Weekly Mortgage Applications Survey (for
the week ending January 11,) confirmed that the trend of higher mortgage
applications is continuing…