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To: RRICH4 who wrote (87738)8/4/1999 2:00:00 AM
From: westpacific  Read Replies (1) | Respond to of 119973
 
More grim news - mortgage rates hit 8%.

Wednesday August 4, 1:12 am Eastern Time

Mortgage Rates Rise Above 8 Percent

By DUNSTAN PRIAL
AP Business Writer

NEW YORK (AP) -- Mortgage rates have crept above 8 percent for the first time in two
years, causing predictions of a slowdown in the U.S. housing boom and mortgage
refinancings that could ripple throughout the economy.