Mortgage Rates Increase Despite Job Figures
Posted In: Mortgage and Real Estate
"Interest rates on prime conforming fixed-rate mortgages eased further in the past week, according to the Primary Mortgage Market Survey, even though other sources such as HSH Associates reported that jumbo fixed rates increased by a quarter percent or more last week," said Frank Nothaft, Freddie Mac vice president and chief economist.
"Freddie Mac reported that the amount of home equity cashed out through refinancing totaled...
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