Mortgage Rates are Drifting and Applications Trend Down

After pitching upward the previous week long term interest
rates
were flat during the week ended February 7 according to
the results of Freddie Mac’s Primary Mortgage Market Survey.

The survey found that the 30-year fixed-rate mortgage (FRM) averaged
5.67 percent with 0.4 point for the week.

Mortgage originations were down a bit from the
previous week although they were still…

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