Mortgage Rates Down and Home Sales Up
Mortgages rates dropped last week in all categories. This is the third straight week that Freddie Mac has recorded a decline; the Mortgage Bankers Association (MBA) did, however, report a slight upward blip at one point during that period.
And, the U.S. Departments of Commerce and Housing and Urban Development issued their monthly report on new home sales which pegged sales of new one-family houses at a seasonally adjusted annual rate of 1,431,000 for March
