Mortgage Rates drop for 6 straight weeks?
Wednesday, August 30, 2006
by Thomas Khammar
What does that mean to the real estate industry? Why are they dropping, now 6 weeks in a row?
Slower economic growth has helped bring fixed mortgage rates to a five-month low, along with the Federal Reserve Board hitting the pause button on rate increases. Although inflation remains a threat, bond investors are confident in the Fed's forecast that inflation will recede as the economy cools......
What's your opinion?