Saturday, May 8, 2010

30-year mortgage rates hit six-week low

Rates for 30-year, fixed mortgages have fallen to their lowest level in six weeks, Freddie Mac said ThursdayThe average rate for 30-year, fixed-rate mortgages was 5 percent this week, down from last week's average of 5.06 percent. A year ago, 30-year, fixed rate mortgages averaged 4.84 percent, Freddie Mac said.

Read the whole story:http://www.washingtonpost.com/wp-dyn/content/article/2010/05/07/AR2010050700032.html