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Friday, November 17, 2006

Mortgage rates at 11-month low

Bankrate.com reports that "Rates on 30-year mortgages haven't been lower since the last week of January, when the average was 6.17 percent." As of November 16th, "The benchmark 30-year, fixed-rate mortgage fell 8 basis points to 6.24 percent...One year ago, the mortgage index was 6.42 percent; four weeks ago, it was also 6.42 percent."

To read more: Mortgage rates 11-16-06

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