Wednesday, September 01, 2010
05:32 PM Texas Time
Activity Eases as Fixed Rates Fall
Mortech-MortgageDaily.com Mortgage Market Index for the Week Ended Sept. 1, 2010
More downward movement in mortgage rates -- which were already at record lows -- wasn't enough to lift the Mortech-Mortgage Daily Mortgage Market Index higher.
For the week ended Wednesday, the index was 348, easing from 355 last week.
The decline in activity came despite that the conventional 30-year rate edged down to 4.317 percent from 4.320 percent last week.
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