30-Year Refinance Mortgage Fall to New 2007 Low - 2007-03-08
Rates on 30-year refinance mortgage loans dropped to the lowest level since mid-December as investors scrambled to the safety of bonds following last week's stock market turmoil.
Mortgage giant Freddie Mac revealed Thursday that 30-year, fixed-rate mortgages averaged 6.14 percent this week, down from 6.18 percent last week.
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Mortgage lenders rally on refinancing data - 2007-03-08
Fremont General Corp. and NovaStar Financial Inc. led shares of mortgage lenders higher for the second straight day Wednesday, helped by a report showing an increase in home-loan refinancing and rising prospects for takeovers. Fremont, based in Santa Monica, Calif., informed employees that five or six prospective buyers are in talks to buy its residential mortgage business.
Read the full story at Chicago Tribune