Mortgage rates fall to third straight record low (AP)

Shirley Webster, president of the Greater Citizens Coalition of Martindale-Brightwood, walks through an overgrown yard of a vacant home in the Brightwood neighborhood on the near north side of Indianapolis, Tuesday, Dec. 16, 2008.  Rogers' nonprofit policy and research group recently estimated that almost 2.2 million subprime foreclosures will occur through the end of 2009 — a number that doesn't account for the current housing slump. Homes in surrounding neighborhoods could see property values drop by more than $350 billion, the center predicted.  (AP Photo/Michael Conroy)AP – Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring.


Leave a Reply