BANKING & FINANCE - Oct. 3, 1992
From Times Staff and Wire Reports
Mortgage Rates Fall Under 8%: Thirty-year, fixed-rate mortgages averaged 7.93%, down from 8.02% last week, according to a national survey by the Federal Home Loan Mortgage Corp. It was the first decline in three weeks. On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.01%, down from 5.02% last week. The rates do not include add-on fees known as points.
