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Friday, November 21, 2008

Mortgage Rates Drop This Week

From Realtor Magazine Online, Daily Real Estate News November 21, 2008

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.04 percent during the week ended Nov. 20. The 30-year loan rates were 6.14 percent the prior week.

During the same period, interest on 15-year fixed loans slipped to 5.73 percent from 5.81 percent.

Five-year and one-year ARMs declined as well, down to 5.87 percent from 5.98 percent and to 5.29 percent from 5.33 percent, respectively.

Source: Los Angeles Times (11/21/08)
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