In this week’s Mortgage Interest Rate Survey, according to Freddie Mac rates jumped another 5 basis points or .5/100%. “The interest rates on fixed-rate mortgages increased further following stronger growth in orders for durable goods,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Recent reports have indicated that economic growth outside of the […]
South Florida “Subprime” Mortgage Market
South Florida “Subprime” Mortgage Market – the area has much at stake in the furor over the quality of its so-called “subprime” mortgages. How do South Florida’s numbers compare to the national average and other areas of the country? The latest twist – were half of the subprime borrowers ripped off? Did they actually qualify […]
