Mortgage Rates continue lower
ates on 30-year mortgages dipped this week to the lowest level in more than six months.
Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to 6.31 percent this week, down from 6.40 percent last week.
The latest drop puts the 30-year mortgage at the lowest level since it stood at 6.24 percent in early March.
After hitting a four-year high of 6.80 percent on July 20, rates on 30-year mortgages have been trending down as financial markets become more convinced that a slowing economy will help keep inflation contained.
Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to 6.31 percent this week, down from 6.40 percent last week.
The latest drop puts the 30-year mortgage at the lowest level since it stood at 6.24 percent in early March.
After hitting a four-year high of 6.80 percent on July 20, rates on 30-year mortgages have been trending down as financial markets become more convinced that a slowing economy will help keep inflation contained.
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