Rates on 30-Year Fixed Mortgages Fall to 6.32%
From the Associated Press
Rates on 30-year fixed-rate mortgages averaged 6.32% this week, down from 6.34% the previous week, mortgage company Freddie Mac said.
Rates on 15-year fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.97%, down from 5.98% last week. One-year adjustable-rate mortgages edged up slightly to 5.41%, compared with 5.37% last week. Rates on five-year hybrid adjustable-rate mortgages rose to 5.96% from 5.93%.
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