Mortgage Rate Rise Halts
Hi, :woohoo:
As predicted, mortgage interest rates closed their latest rise, as muted economic data trimmed the rising pressure of earlier weeks. The average 30-year fixed-rate mortgage (FRM) drops a single basis point, closing the pricing at 6.37%. For Hybrid 5/1 ARMs, a decline of five basis points was noted, and that average finished the week at 6.17%.
Thanks and Regards
Rob Thomos :rock: