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Here Come The Refis
After eight straight weekly declines, mortgage rates in the US are close to achieving a five-handle. FHA rates are already there.
The MBA's 30-year fixed index dropped to 6.13% over the week, down 2bps, Wednesday's update showed.
The small decline brought the three-week drop to 30bps. The last increase was during the week to July 3.
Financing costs are now 177bps below the highs reached in October of last year, when Treasury yields peaked for the cycle.
Recall that the steady decline in ra
Haha. I love that movie. 🙂
Pardon my French, but housing is so tight if you stuck a lump of coal up its ass, in 2 weeks you’d have a diamond.
Location dependent, I suppose. In my city, available apartments abound and there are a good number of houses for sale.