Freddie Mac: Rates lower on 30-year mortgages
Brighter economic news prevents steep rate-drop
By Inman News, Thursday, May 8, 2008.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 year ago, according to Freddie Mac. The average rate on 15-year fixed loans edged up from 5.59 percent to 5.6 percent, still below the 5.92 percent average reported this time last year.
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