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Independent web developer. Graphic designer, web designer, Frontier developer, Manila hoster, latest project: intranet build for Government Office of West Midlands (UK), committed blogger since 1999.
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US mortgage rates decline
US mortgage rates decline
Source: New York Times: Business; 20/02/2004; 21:51:26.
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. At: 11:29:16 AM . .
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The average rate on benchmark 30-year
mortgages fell to 5.58 percent, from 5.66 percent last week, Freddie
Mac, the mortgage giant, said Thursday in its weekly nationwide survey
of mortgage rates. This week's rate was the lowest since 5.52 percent
for the week that ended July 11.
Can't pretend to understand why the US's mortgage drops while ours (UK)
goes up. Nor why oil is currently priced in dollars allowing the US to
run a harebrained deficit.
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