After Several Weeks of Increases, Mortgage Interest Rates Fall a Bit, Says Freddie Mac

Today 7/14/08 Freddie Mac reported that after several weeks of increases, the average mortgage interest rates for 30 and 15 year fixed-rate loans moved a little lower for 30 year and 15 year loans. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.35% (6.31% in the southeast), down from 6.45% a week ago. The average interest rate for 15 year fixed-rate mortgages was 5.92%, down from 6.04% last week. A year ago the 30 year rate was 6.63%. Reports of lower ind

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After Several Weeks of Increases, Mortgage Interest Rates Fall a Bit, Says Freddie Mac