Rates Show a Significant Week Over Week Decline as Purchase Applications Surge
Mortgage rates fell significantly last week, declining 15 basis points according to the Freddie Mac Primary Mortgage Market Survey released September 11th. This is the largest weekly drop in the past year. Mortgage rates are headed in the right direction, and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more […]
Rates Continue To Fall Against A Backdrop of Rising Inflation and Weak Manufacturing
Mortgage rates continued their downward trend, declining another six basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released September 4th. As mortgage rates continue to trend down, optimism increases for new buyers and current owners alike. As rates continue to drop, the number of homeowners who can refinance is expanding. […]
