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PhilR
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Subprime delinquincies are up, prices are steady, and mortgage rates are down - slightly. We'll see where this goes.
Submitted: Jul 31, 2007
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View Article: http://www.bankrate.com/brm/static/mortgage-analysis.asp
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Comments Received:
Mortgage rates are tied to the 10-year Treasury rate and those rates have actually come down. Banks are facing a mortgage quality issue, but they always need to originate good loans.
Posted: Jul 31, 2007