Mortgage Rates Dip, Freddie Mac Says

Average 30-year fixed-rate mortgages post a week-over-week drop.


This week's average interest rate on a 30-year fixed-rate mortgage fell slightly, to 5.85 percent, from an average of 5.87 percent last week, according to Freddie Mac's survey.

"Long-term mortgage rates were mixed but relatively unchanged in the past week, as the latest economic indicators came in much as expected," Frank Nothaft, Freddie Mac vice president and chief economist, said in a press release. "For instance, the index of leading indicators continued to fall for the fifth straight month while consumer confidence reached a five-year low."

The news release is here.

You can see historical data here.

Freddie Mac

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