Rates on Mortgages Drop: Thirty-year fixed-rate home...

Rates on Mortgages Drop: Thirty-year fixed-rate home mortgages are averaging 10.04%, according to a national survey by the Federal Home Loan Mortgage Corp. That rate was down from a rate of 10.2% last week. On adjustable-rate mortgages, lenders were asking an average initial rate on a 30-year loan of 8.95%, down from 9.09% the week before, Freddie Mac said.