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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 01, 1992
Page
3
Washington reports 30 year fixed rates at 8.68 percent, up from 8.56, the third weekly gain and highest since the 8.23 percent low in early January. One year adjustable rates also climbed to 5.93 percent, the third rise in as many weeks, with points not included.
Washington economists report December's 0.3 percent drop in the Leading Economic Indicators, the second straight decline, signaling continued weakness six to nine months out. New home sales fell 6.6 percent in December to a 522,000 annual rate, nine year low for 1991, as mortgage activity rose on lower rates and model-home traffic increased.
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