Mortgage Rates

This week mortgage rates dropped, with 30 year fixed average mortgage rates falling below the 5% level, which is a low for the past 5 weeks, based on a Freddie Mac weekly survey of mortgage rates. 30 year fixed rates averaged 4.91% for the week, which is down from a 4.98% average last week. Lower mortgage rates continue to be a point of optimism with mixed news of home sales and foreclosures.

Home Mortgages