FORECASTING MORTAGE RATES HAS ITS UPS AND DOWNS HOMEOWNERS CONSIDERING REFINANCING URGED TO CHECK FORCES ON THE TRENDS
William Wagner watched with increasing dismay as the adjustable rate on his home mortgage marched inexorably upward, jumping four percentage points in two years. When his rate soared to 12.5 percent last January -- 1.75 percent higher than prevailing fixed rates -- his patience plunged. Only $70 of

Publication: The Boston Globe

Bond Rally Sends Mortage Rates Falling
Americans looking to buy a home this summer may find some of the lowest mortgage rates in a quarter of a century, thanks to the rally in the U.S. bond market. Bond prices have been climbing since November, recently driving bond yields to 15-month lows. That drop will come as welcome news for home

Publication: Chicago Sun-Times

Mortage rates at 40-year low
WASHINGTON - Rates on 30-year mortgages dropped to a record low this week, the sixth time that has happened this year. The average interest rate on a fixed-rate 30-year mortgage fell to 5.45 percent, down from 5.62 percent the week before, Freddie Mac, the mortgage company, reported Thursday in its

Publication: Charleston Gazette

Mortage interest rates dropping.
Byline: Bruce Spence Dec. 1--With all the talk of a slow housing market, there really hasn't seemed to be much notice of a steady decline in interest rates since midsummer. New-home builders and real estate brokers say they're glad to see the interest rates down -- the national average for a

Publication: Record (Stockton, CA)

..CONSUMERS CAUTIOUS TOWARD FALLING MORTAGE LENDING RATES
The recent steep decline in interest rates has pushed mortgage lending rates in most areas of the nation to their lowest levels in more than six monhs. Yet consumers seem to be reacting cautiously to the decline. Lenders said that while demand was picking up, lower rates had not caused a stampede.

Publication: The Journal Record

Fitch Rates Residential Funding Mortage $576 Million Pass-Thrus 1997-S8 'AAA' - Fitch Financial Wire -
NEW YORK, June 27 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $575.8 million mortgage pass-through certificates, series 1997-S8, classes A and R, are rated 'AAA' by Fitch. Additionally, the $12.1 million class M-1 certificates are rated 'AA', the $5.4 million class M-2

Publication: PR Newswire