Mortgage rates remain low again this week helped out by reemerging doubts about the stock rally and economy as a whole. The benchmark thirty-year, fixed-rate stands just above 5% with no points and the fifteen year is just below 4.50%. While paying a point was buying a full ½% discount to the rate in the [...]

As I predicted last week, mortgage rates have managed to ease somewhat over the past week thanks to a slumping stock market that has seen a miserable start to the third quarter. Investors are beginning to think that all of those “green shoots” of economic recovery may have been so many weeds as lackluster earnings [...]