Homeowners rushed to take advantage of last week's drop in interest rates following the government's takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears about the eroding conditions in financial markets.
Applications to refinance home mortgages surgeCourtesy Newsvine - business Wed, 09/17/2008 - 14:32
Homeowners rushed to take advantage of last week's drop in interest rates following the government's takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears about the eroding conditions in financial markets. Related itemsApplications to refinance mortgages spike
Mortgage giants extend suspensions of foreclosures
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