Mortgage Rates at Seven Week Low, Fed Reserve Chairman Signals New Direction
Mortgage rates eased slightly, decreasing by six basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 2nd. With rates at a seven-week low and purchase demand continuing to edge higher, it’s an encouraging sign as prospective homebuyers respond to modest improvements in affordability. Mortgage applications increased 0.04 percent […]
