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Interest rates down 3 weeks running

Mortgage News > Interest rates down 3 weeks running
Date: 11/24/2008    Interest rates down 3 weeks running

Rates are still inching their way down despite the state of our nation's economy. Freddie Mac announced rates averaged 6.04% for a 30-year-fixed mortgage, down from 6.14% the previous week and from 6.20% this time last year.

For six uninterrupted weeks rates on a 30-year-fixed mortgage have remained at or higher than 6%.

Rates on a 15-year-fixed mortgage sit at 5.73%, coming down from 5.83%. Rates on a 5-year ARM stand at 5.87%, down from 5.98%; and 1 year ARMs stand at 5.29%, down from 5.33%

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