Bank Rate Mortgage, Car Repair, Technology Gadgets
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The benchmark 30-year fixed-rate mortgage fell 7 basis points to 6.42 percent, according to the Bankrate.com national survey of large lenders. | The mortgages in this week's survey had an average total of 0.36 discount and origination points. One year ago, the mortgage index was 6.31 percent; four weeks ago, it was 6.5 percent. | Pending home sales collapsed in August, according to the National Association of Realtors, which blamed the drop-off more on problems in the mortgage market than on economic fundamentals. The Realtors' pending home sales index is an indicator for what will happen over the next few months in the housing sector. |
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