July 14, 2006

30-year mortgage rates dip for first time in 5 weeks

Rates on 30-year mortgages declined this week for the first time in five weeks amid expectations that the Federal Reserve won’t push interest rates much higher.Mortgage finance company Freddie Mac reported yesterday that rates on 30-year, fixed-rate mortgages slipped to a nationwide average of 6.74 percent this week from 6.79 percent last week.  (Read More)

Source: Baltimore Sun

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Tags: Real Estate News

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Filed under Real Estate News by Kirk McDonough.
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