Rates on 30-year mortgages drop (Minneapolis-St. Paul Star Tribune)

Story date: 2007-08-23 05:12:34
Added on: 2007-08-24 01:35:06

WASHINGTON Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent. That was down from 6.62 percent last week and was the lowest rate since the week ending May 31, when rates stood at 6.42 percent. The ...


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