Average Mortgage Interest Rates

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Why didn’t we think of this earlier? A weekly update on mortgage rates, via the reliable crew over at Inman News:

‘Long-term mortgage rates dipped this week as weak home-builder optimism and lower housing starts took pressure off inflation, Freddie Mac and Bankrate.com reported today.’

Numbers: Freddie Mac’s survey showed 30-year fixed-rate mortgages at 6.69%, down slightly from 6.74% last week.

Bankrate.com’s average 30-year-mortgage interest rates this week in Los Angeles: 6.79% with 0.44 point.

Freddie Mac Timeline (Time began last week)
6/14 6.74%
6/21 6.69%

Photo Credit: Reuters
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