http://www.mortgagenewsdaily.com/1032007_Mortgage_Rates.aspLong term mortgage rates during the previous week did not respond at all to the drop in the Federal Funds Rate announced by the Federal Reserve a little over a week earlier according to Freddie Mac's Primary Mortgage Market Survey (PMMS). Shorter termenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/1032007_Mortgage_Rates.asp#8873Sat, 13 Oct 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8873TracyIf borrowers can&#39;t afford their payment at 1%-how could they afford 6.32%?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8873" width="1" height="1">