While the stock market has been undergoing some wild fluctuations over
the last couple of weeks, the mortgage scene has been quiet - very
quiet.
According to Freddie Mac which released the results of its
Primary Mortgage Market Survey for the week ended June 5, the two
long- term products, the 30-year fixed-rate mortgage
(FRM) and the 15- year FRM each moved a scant one basis point from the
previous week.
Application volume increased 10.9
percent on a seasonally adjusted basis from a week earlier and 23 percent
on an.
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