Monday, August 07, 2006

Mortgage rates fall to 4-month low


Rates on long-term mortgages have dropped to their lowest level since April this week as loan applications dried up. Fewer people are applying for home loans than at any time since May 2002, according to the Mortgage Bankers Association. The association's market composite index, a measure of loan application volume, is down 29 percent from a year ago.

click on title to read the rest of the article.

As predicted here Toll Brothers is the horse to beat. Now let see if they can come in the money.

Comments: Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]