Bimini Capital Management, Inc. (BMNM)

[alexander77]

Allright!!!Mortgage Rates Decline Again, 30-Yr Rate At 4.28%

"Mortgage rates finally caught up last week with the recent decline in Treasury yields, as the average 30-year fixed-rate mortgage rate fell to 4.28% in the week ended today from 4.37% a week before, according to Freddie Mac’s (FMCC) latest weekly Primary Mortgage Market Survey, ending a three-week stretch in which mortgage rates had risen. A year ago that rate stood at just 3.52%. The average 15-year fixed-rate mortgage rate also edged lower to 3.32% from 3.39% a week earlier, up from 2.76% a year ago.

A similar 30-year mortgage rate measured by the Mortgage Bankers Association’s latest weekly survey slipped to 4.47% from 4.53% a week earlier. That survey also showed mortgage applications rose by 9.4% in the week."

http://blogs.barrons.com/incomeinvesting/2014/03/06/mortgage-rates-decline-again-30-yr-rate-at-4-28/?mod=yahoobarrons&ru=yahoo