Friday, August 24, 2007

Rates on 30-year mortgages sink (The Myrtle Beach Sun News)

Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent. That was down from 6.62 percent last week and was the lowest rate since the week ending May 31, when rates stood at 6.42 percent. The moderation ...

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[Source: Yahoo! News Search Results for mortgages]

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