Thursday, May 27, 2004

Holding Steady Freddie

The yield on the benchmark 10-year note that mortgage lenders use to

set rates fell to its lowest level in weeks. This edged mortgage

rates down from yesterday`s levels, but not enough to change them.

That said rates are holding pretty steady freddie. But we wouldn't call it an actual drop.

Whether rates dive into 5 percent bracket only time will tell. More interestingly would be the impact such a dive would have on the housing and mortgage market.