Mortgage - Free Calculators

Mortgage Rates Surge While Applications and Refinancing Weak

Maybe it is just temporary, but it looks like the worm - that is the mortgage interest rate version of it - has finally turned.

Freddie Mac's Primary Mortgage Market Survey for the previous week had some pretty heart-stopping data for those who may have hoped for continued low rates. However, this is similar to a pattern begun just about a year ago when rates moved into the high 6.80 percent range over a three month spring and summer period only to reverse and achieve a long term run in the 6.06-6.20 percent range. Who knows where it will go this time...