30-Year Refinance Mortgage Rates Up to 6.30% - 2007-02-16
Rates on 30-year refinance mortgage rates went up slightly this week, reversing last week's brief drop.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.30 percent this week, higher than the 6.28 percent last week. The small rebound this week materialized as Federal Reserve Chairman Ben S. Bernanke was telling Congress he believed the economy would continue to expand at a moderate pace this year and next with inflation pressures continuing to come off.
Read the full story at Washington Post

Subprime mortgage market in trouble - 2007-02-16
Is a blowout forming in the impaired-credit mortgage market? Could lax underwriting standards during the housing boom years -- no verification of applicants' incomes or assets, low or no down payments, and big mortgages to people already laden with heavy consumer debts -- finally see its day of reckoning? The signs are unmistakable. Delinquencies in the $1.3 trillion impaired-credit mortgage market touched 12.6 percent in the latest quarter, up from 11.7 percent.
Read the full story at San Jose Mercury News