Industry NewsMortgage

Economic news drives mortgage rates down

This week's decline linked to turmoil in jobs, consumer confidence
Published on Mar 6, 2008

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Mortgage rates fell sharply this week on softer economic news, Freddie Mac reported today. The average rate on 30-year fixed-rate mortgages dropped 21 basis points from a week ago, dipping from 6.24 percent to 6.03 percent, and the average 15-year ...