Thursday, October 16, 2008

30-Year Mortgage Rates Fall to Under 6 Percent

Miami Herald (10/10/08)
Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.94 percent during the week ended Oct. 9, marking the first decrease in three weeks. The 15-year fixed rate slipped to 5.63 percent from 5.78 percent the previous week. Meanwhile, the five-year adjustable mortgage rate dropped a notch to 5.9 percent from 6 percent and the one-year ARM dipped slightly to 5.15 percent.

No comments: