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September 17th, 2008 by Tyler | 434 views |
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Since the Feds unveiled that they would take over Fannie Mae and Freddie Mac, the mortgage applications rose 33.4 percent last week. The total applications reached their highest count since early May!
Interest Rates:
- 30-year fixed-rate mortgages decreased to 5.82 percent from 6.06 percent.
- 15-year fixed-rate mortgages decreased to 5.54 percent from 5.73 percent.
- 1-year ARMs decreased to 6.95 percent from 7.00 percent.
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This entry was posted on Wednesday, September 17th, 2008 at 2:48 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
October 8th, 2008 at 9:37 am
Do you attribute the rise to a boost in consumer confidence? I feel like most people have been sitting frozen, paralyzed with fear over the Nation’s economic situation and once the bailout plan passed they finally exhaled. I hope that once the election is over we will see even more people get off the fence.