Mortgage Rates Take Downward Turn
The rate for a 30-year fixed-rate mortgage averaged 4.10 percent this
week, down slightly from the previous weeks 4.16 percent rate,
Freddie Mac said yesterday. At this time last year, the 30-year FRM rate
averaged 3.64 percent.
This week's 15-year FRM rate averaged 3.32 percent, down from last
week's 3.37 percent. A year ago, the 15-year FRM rate averaged 2.94
percent.
--ABA Daily Newsbytes
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