Friday, September 28, 2007

Mortgage rates UP for third straight week!

Freddie Mac reports that for the week ending September 27, "... the 30-year fixed-rate mortgage averaged 6.42 percent with an average 0.5 point ... up from last week when it averaged 6.34 percent. Last year at this time, the 30-year FRM averaged 6.31 percent."

Freddie Mac also reports that "...existing home sales continued to decline in August to the slowest pace in 5 years".

To read more: Freddie Mac's Primary Mortgage Rate Survey

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