Freddie Mac: Rates dip on 30-year mortgages
Expectation that inflation will moderate keeps rates from rising
By Inman News, Thursday, May 15, 2008.Long-term mortgage rates were mixed this week while rates on adjustable loans declined, Freddie Mac reported today.
The average 30-year fixed-rate loan dipped to 6.01 percent from last week's 6.05 percent, still below the year-ago average of 6.15 percent, according to Freddie Mac. On 15-year fixed-rate loans, the average was unchanged at 5.6 percent, considerably lower than the 5.87 percent reported a year ago.
more...
Copyright 2008 Inman News
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
