Mortgage rates calm in weekly surveys
Thursday, May 10th, 2007Mortgage rates posted another week of mixed results as weak job growth helped keep a lid on inflation, Freddie Mac and Bankrate.com reported today in their weekly surveys.
According to Freddie Mac, the 30-year fixed-rate mortgage dipped to an average 6.15 percent from last week’s 6.16 percent and the 15-year fixed-rate mortgage held at 5.87 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.5 on the 30- and 15-year loans.




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