Long term mortgage rates go up consecutively for 3 weeks

Shared by Jameshogg on Fri Jul 06, 2007 4:36 am
Long-term mortgage rates have declined for the third successive week thereby reflecting a restraint in core inflation. 30 year fixed rate mortgages have gone down from 6.67% to 6.63% for the week ending July 3. Source: http://money.cnn.com/news/newsfeeds/articles/djhighlights/200707052109DOWJONESDJONLINE000877.htm

Community Members Opinion

jenkin7

Joined: 04 Jun 2007

Posts: 939

140.80 Dollars($)

Posted: Fri Jul 06, 2007 5:09 am Post subject:

Due to a slowdown in the mortgage rates, people who have opted for a high-interest loan can now refinance their loan for a lower interest. The low rates are beneficial for people who want to payoff their loans quickly.


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