Industry NewsMortgage

Mortgage rates down on economic news

Real estate brief
Published on Sep 4, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Rates for 30-year fixed-rate mortgages for the week ending Sept. 4 averaged 6.35 percent with an average 0.7 point, down from 6.40 percent last week and 6.46 percent a year ago, Freddie Mac said in its weekly Primary Mortgage Market Survey.

Mortgage rates eased following release of economic data that suggested consumer spending may slow, said Frank Nothaft, Freddie Mac vice president and chief economist.

Comments