Saturday, May 17, 2008

Mortgage rates dip to lowest point in a month

Freddie Mac reports 30-year fixed rate averaged 6.01 percent this week WASHINGTON - Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.01 percent for the week ending May 15. That was down from last week’s 6.05 percent and was the lowest since mid-April when rates averaged 5.88 percent.

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