Saturday, October 12, 2013

Mortgage Rates Rise for First Time in 5 Weeks

Mortgage Rates Rise for First Time in 5 Weeks
Mortgage rates were on the rise slightly this week, following more than a month of declines after the Federal Reserve announced it would delay tapering its $85 billion per month bond purchasing program. 
Freddie Mac reports the following national averages with mortgae rates for the week ending Oct. 10. 
NAR on FHFA’s Loan Limits: Don't Drop Them: The National Association of REALTORS® is garnering media attention for its call urging the Federal Housing Finance Agency to delay reducing the loan limits. The Wall Street Journal recently spotlighted NAR’s position on the issue.  Read more...

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