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Apr 4 2008

Mortgage Rate Average Below 6 Percent

Posted by eMortgageHow at 1:20 PM
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- Categories: Mortgage Rates

The interest rates on 30-year mortgages were down a bit this week, maintaining a level below 6 percent. The rates on other types of mortgages however, rose slightly.

The mortgage company Freddie Mac reports that 30-year fixed-rate mortgages were at an average of 5.85 percent for the week. This average is down a bit from the previous week where it was at 5.87 percent. This marks the second consecutive week where rates have stayed below 6 percent.

The average rates on 30-year mortgages fell below the 6 percent threshold the second week of January and maintained this drop for six straight weeks. Read More

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