Finance and Economics

Visit Calculated Risk

Freddie Mac: 30 Year Fixed Mortgage Rate Drops to 5.78%

Posted on September 18, 2008

This is quite a decline in mortgage rates over the last few weeks.From MarketWatch: Freddie Mac: 30-year fixed-rate mortgage average drops Freddie Mac said Thursday the 30-year fixed-rate mortgage average ... was 5.78% with an average 0.6 point for the week ending Sept. 18, compared with 5.93% last week. Last year at this time, the average rate was 6.34%....

Original article link