Home › Business › Business
Mortgage rates reach lowest point since late May
STORY TOOLS
More from Business
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.
Other rates also went down. Rates on 15-year fixed-rate mortgages, a popular refinancing choice, averaged 6.18 percent, down from 6.30 percent last week. Five-year adjustable-rate mortgages dipped to 6.34 percent, from 6.35 percent last week. One-year adjustable-rate mortgages fell to 5.60 percent, compared with 5.67 percent last week.
(Requires free registration.)
Article discussions on this site are to support community debates of issues related to our stories and editorials.
Discussions should not stray from the subject of the story or editorial.
We do not allow the following:
We reserve the right to delete threads and/or ban users for these or other reasons we deem necessary.
Opinions are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.