Inflation Fears Cast Shadow on Mortgage Rates and Applications Decline
April 30, 2008 – 4:24 amFears of inflation pushed mortgage rates higher according to the results of Freddie Mac's Primary Mortgage Market Survey for the week ended April 24.
The Survey reported that the 30-year fixed-rate mortgage (FRM) averaged 6.03 percent with 0.3 point compared to 5.88 percent with 0.4 point the week before.
Mortgage application volume was...
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