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by CareyBot

Mortgage rates fell for the second consecutive week following November's disappointing employment report, according to Freddie Mac's weekly mortgage survey. Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.68 percent for the week ended today, down from last week when it averaged 5.71 percent. The average for the 15-year fixed-rate mortgage this week is 5.11 percent, down as well from last week when it averaged 5.14 percent. Points on both the 30- and 15-year averaged 0.6. One-year Treasury-indexed adjustable-rate mortgages averaged 4.18 percent this week, with an average 0.7 point, up from last week when they averaged 4.15 percent. "The Commerce Department report on housing starts showed a considerable drop in starts in November," said Frank Nothaft, Freddie Mac vice ...