“30 year fixed mortgage rates fell to 6.17 from 6.22 this week. This was the first time in six weeks the rates have fallen. They were holding steady, as investors saw that inflation was not getting out of hand.” So goes the AP news story carried in USA Today.
I wonder if this could be related to the sister story in USA Today, a Reuters report that mortgage applications have dropped for a fifth straight week. This story outlines how applications dropped 2.5%. As we’ve talked about several times here on Pressreal.com, it’s all about supply and demand.
These two articles are worth a look, if only to stay abreast of what’s going on nationally.
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