Friday, November 2, 2007

Reported in USA Today: Mortgage rates drop to the lowest level in 5 months

WASHINGTON (AP) — Rates on 30-year mortgages fell to the lowest level in five months as evidence mounted that the economy is slowing down.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.26% this week, down from 6.33% last week. It was the lowest level since 30-year mortgages were at 6.21% the week of May 17.

Click to Read the complete article in USA Today

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