Mortgage rates fall
Mortgage rates fall again according to this AP story in the New York Times (registration required):
The average interest rate on a fixed-rate 30-year mortgage fell this week to 5.70 percent, Freddie Mac, the mortgage company, reported today in its weekly nationwide survey. The rate was down from 5.79 percent last week.
For 15-year fixed-rate mortgages, a popular option for refinancing, rates declined to 5.03 percent this week, compared with 5.12 percent last week.
Rates for one-year adjustable mortgages dipped to 3.74 percent, down from 3.79 percent last week.