Friday, July 6, 2007

Mortgage rates drop for the second week in a row....

Mortgage rates decreased for the second week in a row according to the results of Freddie Mac's Primary Mortgage Market Survey for the previous week.
According to Frank Nothaft, Freddie Mac vice president and chief economist, "Mortgage rates edged down slightly for the second week in a row after having risen over the previous month and a half, and as financial markets prepared for the June 28th Federal Open Market Committee's announcement on monetary policy."

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