Fixed Mortgage Rates Higher for Second Consecutive Week

Interest rates for fixed mortgages moved higher for a second consecutive week while rates for adjustable mortgages tilted lower according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending February 27th, 2014.

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Mortgage Applications Continue to Slide

Applications for mortgage loans declined again last week with applications for home purchases falling to two and a half year lows according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 14th, 2014.

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