pcba/SENTRY

Rates Relax–On With the Rescue and Recovery Plan

Posted by pcbasentry on July 1, 2009

The inflation scare that blew up last week has calmed down–if only temporarily–and, as that threat recedes, home mortgage interest rates are easing again.

Will applications for refinancing and purchasing new and used homes reverse a four-week downward trend? We only have to wait less than a week to learn how sensitive the number of applications is to a dramatic change in direction of mortgage interest rates.

Read more at HousingCrisis.com

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