Refinance mortgage rates fall on housing market slowdown - 2007-02-22
Refinance mortgage rates decreased in the past week as lenders indicated concern for the effect the slowing housing market would have on the U.S. economy, according to a survey released Thursday. Last year at this time, the 30-year fixed mortgage averaged 6.26 percent. The 15-year rate averaged 5.97 percent, lower than the 6.03 percent last week. A year ago it averaged 5.89 percent.
Read the full story at CNNMoney.com

US mortgage borrowers need more information-brokers - 2007-02-22
U.S. lawmakers should mandate mortgage lenders and brokers to walk prospective homebuyers through the immediate and long-term costs of a loan in order to avoid payment trouble down the road, a mortgage broker trade group declared on Thursday. The proposed "mandatory payment disclosure form" would go a long way toward assisting borrowers understand the real costs of a loan and avoid payment problems.
Read the full story at Reuters