Mortgage Rates Decrease in First Few Days of Year

By Kyle Chezum Updated on 1/4/2011

1/04/11

Though the Mortgage Bankers’ Association has not yet released its beginning-of-the-year report, it’s clear from overnight surveys that mortgage rates have been decreasing for the past few days.  This may be a sign that the Fed’s efforts are finally taking effect, and it may allow more homeowners to purchase homes.

For more information about the mortgage marketplace and to check current mortgage rates, click the link.  For more information on this story, click here.