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steviee

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steviee

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Wednesday, 08/29/2007 8:35:30 AM

Wednesday, August 29, 2007 8:35:30 AM

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7:21AM Mortgage Applications (BONDX) : The weekly MBA mortgage applications index were down -4.0% last week, with purchasing applications lower by -4.0% and refis dropping -4.2%. The fixed 30-yr mortgage rate was down at 6.41% while the 15-yr edged fell to 6.10%. The 1-yr adjustable rate mortgage rate rocketed to 6.51% from 5.84%, the largest single month jump in that detail since it began being compiled in 1996, according to Bloomberg.


Change is the only constant

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