Mortgage - Free Calculators

Mortgage Rates Virtually Unchanged From Previous Week

In perhaps the only good news in the mortgage and real estate worlds this week, both long and short term interest rates for the week ended July 19 barely budged from their positions a week earlier.

With hedge funds that had heavily invested in residential mortgage-backed securities literally bleeding dry and subprime lenders announcing severely reduced earnings expectations, layoffs, or worse, more or less static interest rates had to be seen as good news.