Builder confidence hits another record low

Thursday’s weekly mortgage report from Freddie Mac showed an increase of more than half a percent in the 30-year Fixed Rate Mortgage (FRM) rate average, confirming the the results of Wednesday’s report from the Mortgage Bankers Association. The increase puts long term mortgage rates at an 8-week high and all three longer term rates [...]

October 16 2008, 8:06pm | Original Link »

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