Mortgage Rates Curbed By Housing Recession

Posted In: Mortgage and Real Estate

Mortgage rates decreased for the second week in a row according to the results of Freddie Mac's Primary Mortgage Market Survey for the previous week.

According to Frank Nothaft, Freddie Mac vice president and chief economist, "Mortgage rates edged down slightly for the second week in a row after having risen over the previous month and a half, and as financial markets prepared for the June 28th Federal Open Market Committee's announcement on monetary policy."

"This week we saw further effects of the current housing recession..."

Read More Now