By Inman News, Thursday, November 30, 2006.
Mortgage rates came down for the third straight week, as the decline in consumer confidence and home prices kept a lid on economic growth, Freddie Mac and Bankrate.com reported today in their weekly surveys.
In Freddie Mac's survey, the 30-year fixed-rate mortgage fell to an average 6.14 percent this week, down from 6.18 percent a week ago, and is at its lowest level since late January when the rate averaged 6.12 percent, Freddie Mac said.
The 15-year fixed-rate mortgage this week approached a 10-month low, as the average fell to 5.87 percent from 5.91 percent last week. more...