Mortgage Rates Hold Steady While Applications Fall
In its report of the results of its Primary Mortgage Market Survey for last week, Freddie Mac took some credit for the stability in mortgage rates in spite of the turbulence in the subprime market.
Frank Nothaft cited the mixed signals sent by recent reports about the direction of the housing market for stabilizing rates. "The rise in existing home sales in February to a 6.69 million unit pace, the highest level since..."
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