Mortgage rates slide further this week

Mortgage rates fell for the second consecutive week as disappointing home sales and consumer confidence cast doubt on the strength of the economy, Freddie Mac reported today in its weekly survey.

The 30-year fixed-rate mortgage dipped to an average 6.16 percent from 6.17 percent last week, Freddie Mac reported, and the 15-year fixed rate sank from 5.89 percent to 5.87 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.5 on the 30- and 15-year loans.

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