Business briefs: Rates on 30-year mortgages fall (Sarasota Herald-Tribune)

Story date: 2007-10-05 11:59:04
Added on: 2007-10-06 02:00:21

WASHINGTON -- Freddie Mac, the mortgage company, reported that 30-year, fixed-rate mortgages averaged 6.37 percent this week, down from 6.42 percent last week. After hitting a high for this year of 6.73 percent in mid-July, rates have been trending lower. Rates on 15-year fixed-rate mortgages averaged 6.03 percent this week, down from 6.


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