Mortgage Rates Drop Again

Freddie Mac reports that the 30-year fixed mortgage rate dropped to 6.14 percent during the week ended Nov. 13, marking the second consecutive weekly decline. Rates were 6.20 percent the prior week.

The 15-year fixed mortgage rate fell to 5.81 percent from 5.88 percent, while the five-year adjustable mortgage rate slipped to 5.98 percent from 6.19 percent. However, the one-year ARM climbed to 5.33 percent from 5.25 percent.

Source: San Diego Union-Tribune (11/14/08)

Read the article here.

listing or event on your favorite social networking site or EMAIL it to a friend!

Presented by Klemens Raab | Community: Mortgage News, News