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Mortgage rates fall slightly

Mortgage rates fall slightly (News (General))

by administrator @, Wednesday, July 08, 2009, 19:07

McLEAN, Va. (AP) — Rates for 30-year home loans inched downward this week, but still remain above record lows posted during the spring, Freddie Mac said Thursday.

The average rate for a 30-year fixed mortgage was 5.32 this week, below last week's average of 5.42%. Last year at this time, the average rate for a 30-year fixed mortgage was 6.35%, Freddie Mac said.

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