Wednesday, May 27, 2009

Ouch! Interest Rates are on the Rise

According to the Mortgage Bankers Association, mortgage applications fell 14.2% in the past week. Most of the decline reflects a falling number of refinance applications, which declined 18.9%.
And now rates seem to be on the rise, at least for a short time. Here is a sample of today's rates from local lenders. And as always on the b-town Report rates are for 30 year fixed rate conventional mortgages for consumers with super credit...and rates are subject to change: