Rates on 30-year mortgages tie record low
Rates on 30-year mortgages slid to an average of 4.78 percent this week, tying a record low and spurring refinancing activity as the housing market moves closer to possibly hitting bottom, according to Freddie Mac’s weekly nationwide survey.
Rates on 30-year mortgages jump 2 WASHINGTON – June 8, 2007 – Rates on 30-year mortgages rose for a fourth straight week, hitting the highest level in 10 months, as bond markets responded to strong employment growth.