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Rates on 30-year mortgages edge down slightly Fame it!
Posted on May 09 2008 5:58 AM by adeal

Rates on 30-year mortgages edged down slightly this week, but remained above 6 percent for the third straight week.
Mortgage giant Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.05 percent this week, compared to 6.06 percent last week. It marked the third week that 30-year rates have been above 6 percent.
Analysts said rates for all mortgages didn't change much this week as the housing industry continues to confront the worst downturn in more than 20 years.



Full story: washingtonpost.com
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