Industry NewsMortgage

Freddie Mac: Rates lower on 30-year mortgages

Brighter economic news prevents steep rate-drop
Published on May 8, 2008

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by CareyBot

Long-term mortgage rates ended the week mixed, Freddie Mac reported today, with the 30-year fixed-rate average sinking slightly. The average rate on 30-year fixed loans dipped to 6.05 percent from 6.06 percent one week ago, and averaged 6.21 percent a ...