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Louis Brown’s Street Smart Systems » Freddie Mac: Mortgage rates take short dip
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post Freddie Mac: Mortgage rates take short dip

July 2nd, 2009

Filed under: News — Louis Brown @ 1:41 pm

Rising mortgage rates reversed course this week, with long-term rates falling slightly. Freddie Mac's weekly report says 30-year fixed-rate mortgages averaged 5.32 percent this week, down from last week's average of 5.42 percent. A year ago, 30-year mortgages were averaging 6.35 percent, although rates fell below 5 percent earlier this year. (FRE)

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