Mortgage rates rise despite fall in wholesale rates Home owners are facing further misery as mortgage lenders push up interest rates and ditch their cheapest deals despite signs that their own borrowing costs are falling. Read more on AFP Telegraph Finance News via Yahoo! UK & Ireland Finance

MBA: Mortgage Applications Fall On Large Drop In Refinancing (RTTNews) – U.S. mortgage applications declined last week as refinancing activity plunged amid rising interest rates and tougher credit conditions, industry data revealed Wednesday. Read more on INO News