Freddie Mac's rate report shows that rates have gone up sharply...the largest one week move in at least the last 18 months. So for a struggling market with fewer qualified buyers (thanks to the subprime meltdown) and very high levels of inventory, this can't be good...
Where's the bright side? I know there's gotta be one, so I'm taking suggestions. :)
The details of the above numbers came from here: http://www.mortgagenewsdaily.com/5302007_Mortgage_Rates.asp
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