Mortgage rates fall below 6%
From Times Wire Reports
Rising worries about a weak economy pushed rates on 30-year mortgages below the 6% mark for only the second time in more than two years.
Mortgage company Freddie Mac said 30-year fixed-rate mortgages averaged 5.87% this week, down from 6.07% last week.
Other types of mortgages also showed declines. Rates on 15-year mortgages, a popular choice for refinancing, dropped to 5.43% this week, down from 5.68%.
